“In the 1950's and 1960's, political leaders enjoyed much more public trust than they do today, enabling tougher economic decisions to be taken. The budget deficit culture, from which the western world is still trying to free itself, is symptomatic of a loss of political authority.” -- Peter Warburton, Debt & Delusion (1999) You’ve probably never heard of Peter Warburton, but he wrote one of the best books I’ve ever read on the nature of money and credit: Debt & Delusion.