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Book cover of A Bubble That Broke The World

A Bubble That Broke The World

by Garet Garrett

Publisher: Martino Fine Books
Pages: 190
Paperback
ISBN: 9781578987634






Available to Buy

Overview of A Bubble That Broke The World

2009 reprint of 1932 edition. Garet Garrett was born in 1878 in Illinois. By 1903, he had become a well known writer for the old New York Sun. In 1916, at the age of 38, Garrett became the executive editor of the New York Tribune, after having worked as a financial writer for The New York Times, The Saturday Evening Post, and The Wall Street Journal. From 1920 to 1933, his primary focus was on writing books. Between 1920 and 1932 Garrett wrote eight books, including A Bubble That Broke the World in 1932. He also wrote regular columns for several business and financial publications. Garett's political viewpoint overall, and the central theme throughout all his books, is libertarian or classical liberal. All his works exemplify the basic premise that a man is responsible for his own life, and that no man can expect a free ride off others, through forced income distribution schemes such as socialism and communism. As the 20th century progressed, he believed that Americans were signing away their birthright of freedom, through trading in their responsibilities of self-governance and self-responsibility, in return for more socialist measures such as FDR's New Deal expansion of government.

Synopsis of A Bubble That Broke The World

The names of the players are different, but these cautionary essays about massive national debt-written in the long wake of World War I and as the Great Depression was starting to make its horrible power fully known-are still fully applicable today.

A powerful libertarian voice of the early 20th century, Garet Garrett, writing originally in the Saturday Evening Post, warned about the extension of American credit to a Europe staggering under a massive debt leftover from the financing of World War I... a situation echoed, if reversed, today as the overextended United States continues her rampant borrowing.

Collected in book form, Garrett's writings are a cry for a retreat from financial insanity, a clear-eyed look at a complicated and little understood era of financial history, and perhaps an ominous warning for today.

American journalist GARET GARRETT (1878-1954) also wrote The American Omen (1928), Rise of Empire (1941), and Garet Garrett's: The People's Pottage (later retitled Ex America) (1951).

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