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The Debt Generation Paperback – 1 Nov. 2010
- Print length258 pages
- LanguageEnglish
- PublisherLevel Press
- Publication date1 Nov. 2010
- ISBN-100956690203
- ISBN-13978-0956690203
Product details
- Publisher : Level Press; First Edition (1 Nov. 2010)
- Language : English
- Paperback : 258 pages
- ISBN-10 : 0956690203
- ISBN-13 : 978-0956690203
- Best Sellers Rank: 1,742,747 in Books (See Top 100 in Books)
- 148,289 in Business, Finance & Law
- Customer reviews:
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Top reviews from United Kingdom
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Thank you so much for collating this
Highlights include clear explanations of how to gamble with other people's debts and legal ways of convincing the world you're making profit. It's also pretty funny in places.
Book is dominated by anger over how politicians teamed up with rich people to "rob us". In particular, governments guaranteeing dodgy debts or purchasing them above market rates using freshly printed money are singled out. Such practices, which include "bailouts" and "quantitative easing" are ultimately paid for with taxes and inflation. The sums involved are massive and the extra government borrowing will take time to be repaid, affecting spending decisions for some years. The author is angry that there was no public debate about what should be done. David is very angry.
Ok, so what? Lots of people are angry, and justifiably so I guess. This book will appeal to those who want to be reassured that someone else feels as they do. So some readers will find it comforting, encouraging or a call to arms.
But basically, there are no great insights. There are other books which explain how the financial markets work in both plainer terms and more details. Alternative scenarios are not explored in detail. The emotive, opinionated and self-congratulatory "as I predicted" writing style eventually became irritating. It's fine in blog sized bites, but reading page after page... meh.
the book is well researched - well written - and i immediately re-ordered various copies to give it as presents
Congratulations on an accessible, enjoyable, shocking and inspiring read. My best book of 2010 alongside Bethany MacLean.
Top reviews from other countries
David Malone is an amazing documentary film maker and reading this book and watching his previous documentary on the subject (High anxieties - The mathematics of chaos) can help the ordinary people and even some experts to understand how the majority of financial and economical decisions made by the big players are build upon newtonian mathematical models which may not necessary reflect or represent the the level of uncertainty associated with their decisions, and how these incomplete financial and economical models can affect millions of us.
