In Capital Offence award-winning investor Paul Musson shows how the world is becoming increasingly divided on many fronts. One of the root causes of this is that well-intended policymakers have drunk the something-from-nothing Kool-Aid and are convinced that there is such a thing as a free lunch. There isn’t. They believe that debt-fueled spending is what leads to economic prosperity. It doesn’t. The direct result of these central bank-supported policies is growing wealth disparity where some people are able to extract more from our economic system than they create, while others are left to foot the bill. Most books on this subject speak in a language understood only by those steeped in financial jargon; Paul Musson uses everyday language and analogies to help readers understand why the economy is moving in the wrong direction. The next generation is now poised to be worse off than its predecessors, not because they are less productive, but because older generations are benefiting at their expense – an unsustainable and immoral reality. Paul Musson gives us steps for reform, and while the painful choices ahead are inevitable, facing them now will prevent even greater consequences later.

Paul Musson spent more than twenty years managing over $10 billion in assets at Mackenzie Investments in Toronto. He now runs his own investment consulting firm Paddington Capital Management Inc. and has a blog called Paulitical Economy. He started the blog in 2022 to help his family and friends understand what was going on in the economy. He was born in north Wales, UK, grew up in Montreal and since 1990 has lived in the Toronto area. Paul has been married since 1993 and has three daughters.