INTRODUCTION

As I write this in the fall of 2011, most people feel that their savings and investments are in jeopardy. The financial markets and economy are in turmoil, unemployment and underemployment are high, our economy seems to consume but not produce, and our government’s spending policies seem to have put us on an unsustainable trajectory.

Most people think that there is a solution for these problems lurking somewhere in government. They couldn’t be more wrong.

Our economy is in the midst of a large structural corrective phase that is not going to end anytime soon. Our credit is tapped out, our financial sector has overspent, our government has overspent, and our consumers have overspent, and it will take an awful lot of time to correct ...

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