This book is about the mismanagement of Western economies in pursuit of political power, which resulting devastation will have to be borne by future generations. The book establishes that postponement is no longer doable and lays out the hard choices ahead causing much misery and agony.
Although not fully recognized because of masking by asset bubbles, which are spun/sold as investor confidence in the economy, the reaction to the phenomenon of lost hope in the future has already started. By chasing economic growth and political power, developed countries worldwide have destroyed their economies. Recovery would bring many hardships and pain to their populations. Americans, primarily white and middle-aged, are dying in record numbers from what Drs. Case & Deaton describes as “Deaths of Despair.” Their government’s reaction is to turn to protectionism. In the USA, this has taken the form of strengthening the Buy America Act of 1933, applying trade tariffs, and increasing subsidies to companies building facilities in the Country. These are all superficial fixes and will do nothing to correct the problem.
Market-driven solutions have given way to protectionist ones as policymakers continue to kick problems down the road for others to deal with. All issues the developed countries face, whether they are excessive and unsustainable debt, over-priced labor from targeting inflation, and mal-distribution of income and wealth distorting the resultant demand/savings relationships, have their roots in fiat currencies. So much public debt has been accumulated that it cannot and will not be repaid.
The genesis of the problem was in 1971 when President Nixon abolished the gold standard established at Bretton Woods in 1944. Currencies were then given value by government decree and no longer had intrinsic value. This allowed for large budget deficits, unsustainable public debt, and the money “printing-press operation.” The public debt of the USA has already exceeded $32 trillion, an astronomical number. It allowed countries to incorporate inflation in their economic planning, thus raising their costs of living. It also allowed for increases in the money supply with the consequence of widening income and wealth inequality. Corrective action would involve backing currencies with the Country’s assets, eliminating/reducing debt unless for investment, prohibiting the targeting/planning of inflation, and establishing a relationship between the highest and lowest paid in an economy. The book proposes novel approaches to these issues, including income support for those impacted by these corrective measures, for developed countries have arrived at the end of the road.
End of the Road is a remarkable book written by the excellent author Louis Holder and is a book that should not be missed if you are interested in economics and politics. End of the Road is a sensational book that is full of incredible wisdom that will help many readers better understand the world we live in and it makes for fascinating reading that will open your eyes. If you are a reader who is interested in these theories and looking to read a wealth of brilliant knowledge then already I recommend End of the Road! But if you need more convincing then continue to read to learn more about this wonderful book!
In End of the Road, the reader will learn all about Louis Holder’s theories on economics and complete a comprehensive look into many topics pertaining to this. The reader will be greeted with many economic theories and policies, exploring inflation, free markets, and the various economic systems and their impact. It makes for poignant reading as it examines Western economies’ roles in unemployment, income inequality, and welfare and the result is a book like none I have read before. I thank the author for sharing all of his wisdom and insight with us readers as it allows the reader to understand complicated topics in an easy-to-read and understand way that can shift your understanding and that is one of the many reasons I love this book!
The wisdom courtesy of Louis Holder laced throughout End of the Road is sensational and awe-worthy. As I read Holder’s book, I was engrossed and wanted to know more, whenever a question popped up in my mind while reading this book Holder eventually answered it, and so it truly is a beautiful reading experience.
The information and knowledge laced throughout Louis Holder are impeccable, and I am impressed by just how much knowledge there is. Although End of the Road is full of a wealth of information, all the information is useful as well as relevant to the topics explored so do not worry readers that you will be bombarded with information as this does not happen in this book!
As End of the Road is a book laced with incredible wisdom, it is also laced with phenomenal literature courtesy of the wonderful Louis Holder; Holder’s words are incredible, and they will flow flawlessly from beginning to end.
Overall End of the Road is a brilliant and fascinating book that will be unlike anything you have read before and one that will leave a lasting impact on you, and so I have no choice but to award this brilliant book five stars! Be sure to have a read of the preview below book lovers; you will not regret it!
Thank you so much for reading book lovers! I appreciate it so much. Here is a preview of the book for all of you lovely readers to enjoy! Please have a read of the preview and if you find that you have loved what you have read then all you need to do is follow the links below!
Goodbye for now book lovers,
P.S. Below I have attached some links about the author and this wonderful book so if you would like to learn more about the author and the book then please have a browse. Thank you so much again for reading book lovers!
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