During the last days I have been reading this book about bond market. May be the topic does not intreset so many, but, it is an important topic and many people have an opinion about government and the reserv bank rolls are. This books has a negative and ironic tune to anything about controlling the market. Also, in my opinion the market shoud not be controll by politics and reserv bank, ie riksbanken in Sweden. Becasue the market has to clean up non-profit companies, recover from good years and for god sake governments have to understand keyne theory has hugh problems. For example, how much money does the government need to put in to the market to create job? When shall the “project” stop? Just look on Japan and see how well the keynes´theory has helped them… More right, the programs have not helped them at all, and instead created bigger problems.
Well, this book is all about US and about the the upcoming problems with the nonstop money making programs and the major debt the government has. Becasue, at any point US has to face the debt and pay back to ie China and Japan.
The book is easy to read, with good examples so it is easier to everyone to understand the digging and filling programs are not working in the long run, because in the end that sort of programs do not increase the GDP. I would say, this is a book to read while having a break from the philosophers I am currently reading too.