When the Money Runs Out
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The End of Western Affluence
Revised Edition
Stephen D. King
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Format: PaperPrice: $20.00
“It is alarmingly difficult to disagree with Stephen King. All one can say, perhaps, is that one of the great errors of human nature—strongly displayed before the credit crunch—is the belief that a prevailing trend will continue indefinitely. The crunch is surely a reminder that what goes up must come down.”—Charles Moore, Daily Telegraph
“[King] is dabbling in the financial equivalent of the horror genre. Perhaps even scarier, his is the stuff of nonfiction.”—Michael J. Casey, Wall Street Journal
"Hard-hitting, history-rich book"—David Wilson, South China Morning Post
"A 'powerful' and 'convincing' book. Overall, as Charles Moore notes in The Daily Telegraph, 'it’s alarmingly difficult to disagree' with this book."—Matthew Partridge, Money Week.
“Stephen King, chief economist at HSBC, has just published an interesting and well-written book When the Money Runs Out.”—Paul Ormerod, City AM
“In this book, HSBC’s chief economist describes a real-life economic horror story, picking over the bones of the global financial crisis with the professional detachment of a forensic scientist examining the scene of a crime. The conclusions are clear and compelling. By the end, we know whodunit, how it was done and why, without resort to economic jargon – there are few acronyms, no equations and no charts. Instead we are offered policy prescriptions that ring true – uncomfortably so . . . The book should appeal to a wider audience than economists. The author is a newspaper columnist as well as a professional economist, and it shows in the crisp and easy style of his prose. I recommend it heartily.”—Erik Britton, Management Today
“The author has tightly reasoned arguments. . . and suggestions for the steps that should be taken to ensure economic stability for future generations.”—Library Journal
“[King] is dabbling in the financial equivalent of the horror genre. Perhaps even scarier, his is the stuff of nonfiction.”—Michael J. Casey, The Wall Street Journal
“A thoughtful and convincing assessment of what happens when the rich world becomes over-accustomed to rising standards of living but cannot afford the benefits its governments have promised, by the chief-economist at HSBC. Serious scaremongering; worthy of Stephen King’s horror-writing namesake.”—The Economist, (named a 2013 Book of the Year)
Publication Date: May 29, 2018
