The author was one of the few economists who warned of the global financial crisis before it hit. In this book, he argues that serious flaws in the economy are also to blame, and warns that a potentially more devastating crisis awaits us if they aren't fixed. It outlines the hard choices we need to make to ensure a more stable world economy. "[T]his book is a must read for analysts, academics, politicians, economists, and the like."---Emilia Garcia-Appendini, Financial Markets and Portfolio Management