I have a big paperback (VERY BIG) version of The Great Reckoning on my bookshelf, very much underlined and highlighted. I pull it down very often. He was 20 years ahead on his “reckoning” of the timeline, he missed a few bubbles, but it’s all coming into focus now. Great book.
The only problem with Davidson is the opacity of his prose. I had to read a paragraph 3 or 4 times to distill all the juice from it.
Cheap stuff from Asia and China kept inflation at bay for 15+ years. Importing oil too. We ran up a huge external debt
This book changed my thinking on quite a few subjects including geo-political strategy
BTW they lay out the case for a deflationary depression instead of an inflationary one or hyperinflation