Leverage

Leverage

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Denninger, Karl John Wiley & Sons, Inc., 2012 Audio summary available
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IN THIS SUMMARY

Leverage is nothing more than the use of debt as a replacement for capital in a transaction. It may sound innocent, but it has been used over the years as a means of amassing ill-gotten wealth. In Leverage, Karl Denninger reviews economic history, pointing out when and how influential and unscrupulous entities have time and time again manipulated government policies and used leverage to siphon money away from the public and into their own bank accounts. He explains how leverage has weakened the U.S. economy and goes on to recommend action toward a potentially brighter economic future, one without habitual abuses of power.