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Endless Money: The Moral Hazards of Socialism by William Baker Reviewed on October 29, 2009

The Conservative Economist, William Baker, authors this tome which integrates observations about politics and culture into his economic analysis of how America transformed itself into a debt-ridden, socialist society. Austrian economists will take heart as he decimates the academic grounding that underpins the Fed establishment view of the economy, making the case that gold should form the basis of currency and liquid wealth.

His insight that the interaction between the fiat currency system and the taxation of income leads to the erosion of wealth held by the most productive within our economy is unique, and it explains why he makes the case that billionaires frequently align themselves politically with the welfare state.

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