Roland Baader has an MSc in Economics, was a student of Hayek, and is a prominent representative of the Austrian School in Germany. Like many "Austrians" in the United States, Baader accurately predicted the financial crisis that started in 2007. His book "Geld, Gold and Gottspieler" ("Money, Gold and Playing Gold"), published in 2005, had the subtitle "On the eve of the next world economic crisis."
Unlike the erroneous theories shaped by inflationist (Keynesian) zeitgeist that dominates the Economics university faculties and the media around the globe, up to now only the economists of the Austrian School have worked out the true causes of the current world depression. And because their diagnoses are correct and logically stringent, their suggested therapies also point to the only effective way the Western industrialized nations have of escaping the unimaginable scale of impending impoverishment and disintegration.
We are just at the start of an unprecedented world depression, and only a swift transition to a sound private currency can save us from the worst. Baader offers us both an analysis of the causes of the depression and shows us ways out of it with scientific precision, but, as always, in terms that are easy to understand. This book, his sixteenth, is possibly the last and most profoundly rousing wake-up call of the great German libertarian thinker.
Edition: First in English
Publication Date: 2010