John R. Talbott
Palgrave Macmillan Trade
. . . and why most economists are missing the boat.
"A nonconformist approach to finance and investing that should appeal to politically minded contrarians."--Kirkus Reviews
"This slim but shrewd discussion of money and politics—and the deleterious effect the latter has on the former—is a provocative study of the dangers of impending runaway inflation."--Publishers Weekly
"Finance is based on trust. But what do you do if you cannot trust financiers? Talbott, who has long been an acute observer of what's wrong with our financial system, proposes provocative answers." --Daron Acemoglu, Professor of Economics, MIT and co-author of Why Nations Fail
“You need not embrace John's political bombast, but you ignore his financial prescriptions at your peril. For over a decade, he has made consistently prescient observations about future developments that were ignored by the vast majority of establishment analysts and pundits...until they happened. John is a brilliant unconventional thinker. His concept, introduced in this book, of measuring investment returns in terms of ounces of gold instead of units of paper currency could revolutionize investment practice much as Einstein's general relativity revolutionized cosmology.”--Peter Fahey, Retired Partner, Goldman, Sachs & Co.
"In this highly readable, brutally honest, and genuine book, Talbott identifies the key problem our society and economic system face - corporations, especially banks, have way too much political power and cannot be trusted with investors’ money as governments, regulators, and even academics betray their responsibilities to the public. Talbott calls it like he sees it." --Anat Admati, Professor of Finance and Economics, Stanford Graduate School of Business
"John Talbott, a Wall Street insider, blows a deafening whistle in this no-holds-bar description of financial corruption and government malfeasance. His grave warnings about Wall Street and Pennsylvania Avenue come with strong advice about how to protect ourselves from the next terrible economic storm -- Uncle Sam's going broke. Survival Investing will put your hair on end, but also let you sleep at night. It's a must read."--Laurence Kotlikoff, Professor of Economics, Boston University and co-author of The Clash of Generations