Sober Economics: A Clear Look at America's Economy

As Americans become immune to large debt and deficit numbers that are often repeated in discussions related to the economy, they have avoided the sober reality that is rarely reported. The federal government's financial condition, even with all the talk of crisis, is much worse than advertised. Without significant changes, the U.S. economy will eventually collapse under the weight of enormous debt. Sober Economics shows the details of the problems facing the economy clearly and concisely, including changes to tax law, Medicare benefits, demographics, innovation, and insider trading rules. It looks for lessons to be learned from the economic histories of Rome, Japan, China and the Great Depression. Finally, it provides a glimmer of hope if the United States can return to the policies that worked well in the past, and embrace free-market mechanisms.