I just finished bestseller HOW THE WEST WAS LOST. The author Dambia Moyo made herself very unpopular with her earlier DEAD AID (which I have not read). She is a Goldman Sachs investment banker, born and raised in Africa, with a Master degree from Harvard, and a Ph.D. in economics from Oxford.
She does not say it, but if she is right, she is part of the problem. She thinks that too many bright people in the west go to finance, when they should be engineers. She thinks our houses are too big.......I don't know if she lives in a cold water walk up, but I doubt it.
She points out our problems and possible solutions with lots of notes. I got mine at the library. IMO it is really worth reading, but not worth owning as it is already getting out dated.
One possible "nuclear" solution is default.........and not for the reasons in the headlines over the last few weeks.
They call economics the dismal science, and this book helps to make the case.
<message edited by tmiles on Sun, 07/24/11 2:22 PM>