Endorsements of "Inflated"

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"A gripping biography of American finance. Whalen chronicles Credit as a main character in the U.S.’ journey from colonial outpost to economic superpower. An erudite and engrossing work of monetary history that illuminates the recurring patterns of boom and bust, “Inflated” belongs on the bookshelves of those who seek to understand the volatile financial landscape of the 2020s and beyond."

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Jack Farley

Monetary Matters

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When it comes to institutional structures, we can only know where we are by knowing where we have been. Chris Whalen builds our understanding of the American financial system as he leads us on the journey from the newly independent American republic creating its first banks to the 21 st century, passing through fevered monetary debates, schemes, panics, bailouts and the great financial turning points of the Civil War, the First World War and the Depression, supplying pointed observations along the way. Two of my favorites: “The ‘American dream’ of instant wealth via opportunism and speculation,” and “We pass laws that promise our people ‘price stability’ but pursue policies and practices that require steady inflation.” I found this lively history and commentary on the eternal interaction of politics and finance both very instructive and enjoyable."

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Alex J. Pollock
Senior Fellow

Mises

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“Who says that the sequel never stacks up with the original? The new edition of Inflated brings Christopher Whalen’s marvelously accessible history of American finance right down to the present day. Securities analyst, central banker, investor, deal-doer and author, Whalen is no mere recounter of the past but also an informed and  provocative critic of the present. His ideas about the future will likely save his readers some large multiple of the price of his book.”

 

James Grant
Founder & Editor

Grant’s Interest Rate Observer