“Don’t Bank On It” Book Review

There is something strange about fighting debt by incentivizing more debt.”
– Jaime Caruana, head of Bank of International Settlements, “the central bank of central banks”

Craig R. Smith book cover Craig R. Smith and Lowell Ponte’s book, “Don’t Bank on It,” should be a required primer for high school and college students who often graduate economically illiterate unless they major in Economics. The average American’s economic literacy would be tremendously augmented by reading this book, written for the average person who is not an investor or a banker. Continue reading