by Ethan Yang
The American Institute for Economic Research
Matthew Piepenburg and Thomas Lott, two hedge fund managers with Ivy League pedigrees have issued a stark warning in their latest book Rigged To Fail. Published in February 2020, the book is as timely as it is easy to read. Although it missed out on encompassing the March 2020 crash, the lessons and advice in the book are timeless.
If anything, the book looks months if not years into the horizon, touching on not the latest investment trends but existential questions relating to monetary policy, public spending, economic theory, and sound investing. The main thesis of the book is that the United States as well as the rest of the modern world is preparing itself for an incredibly painful financial crisis due to a long legacy of poor policymaking and market interference.