Table of Contents
Acknowledgments xiii
Introduction: Endgame 1
Part One: The End of the Debt Supercycle 11
Chapter 1: The Beginning of the End 15
Chapter 2: Why Greece Matters 31
Chapter 3: Let’s Look at the Rules 45
Chapter 4: The Burden of Lower Growth and More Frequent Recessions 73
Chapter 5: This Time Is Different 91
Chapter 6: The Future of Public Debt: An Unsustainable Path 109
Chapter 7: The Elements of Deflation 133
Chapter 8: Inflation and Hyperinflation 157
Part Two: A World Tour: Who Will Face Endgame First? 175
Chapter 9: The United States: The Mess We Find Ourselves In 181
Chapter 10: The European Periphery: A Modern-Day Gold Standard 215
Chapter 11: Eastern European Problems 233
Chapter 12: Japan: A Bug in Search of a Windshield 247
Chapter 13: The United Kingdom: How to Quietly Inflate Away Your Debt 261
Chapter 14: Australia: Could It Follow in Ireland's Footsteps? 273
Chapter 15: Unintended Consequences: Loose Monetary Policies and Emerging Markets 283
Conclusion: Investing and Profiting from Endgame 293
Epilogue: Some Final Thoughts 297
Notes 301
About the Authors 309
Index 311