Notes

Foreword

1. http://www.ft.com/indepth/capitalism-future.

Chapter 1

1. Simon Kuznets, “National Income, 1929-1932,” 73rd US Congress, 2d session, Senate document no. 124, 1934, page 7.

2. U.S. Treasury Department, Major Foreign Holders of Treasury Securities, Treasury International Capital System Statistics, 2009.

3. Niall Ferguson, “The Great Repression: A Long Shadow,” Financial Times, September 21, 2008; Kenneth Rogoff, “The Great Contraction of 2008-2009,” Project Syndicate, November 2, 2009; and Robert Reich, “The Great Crash of 2008” December 1, 2008.

4.Quoted in Nathan Gardels, “Don’t Expect Recovery Before 2012—with 8% Inflation,” New Perspectives Quarterly, January 16, 2009.

5. See Alan Greenspan, speech to the Economic Club of ...

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