This volume examines case studies of public indebtedness, arguing that governments around the world have engaged in over-leveraging in a manner that is unsustainable and bound to be ruinous for
their economies, while also pointing with approval to a few cases in which governments have been successfully deleveraging (i.e., Iceland and Latvia). The other case studies include Greece,
Spain, Italy, France, the United States, China, Japan, Brazil, and India. The major culprit of the indebtedness crisis, the author argues, is the political demand for entitlements such as
public health care and he calls on states to realize that Western living standards have become unsustainable. Annotation ©2014 Ringgold, Inc., Portland, OR (protoview.com)
