This week’s Coffee & Market’s podcast featured Peter Ferrara of the Heartland Institute to discuss his new book America’s Ticking Bankruptcy Bomb: How the Looming Debt Crisis Threatens the American Dream-and How We Can Turn the Tide Before It’s Too Late. Ferrara argues that if we continue on the path we are on America is headed to the slow growth soft socialism of Europe and the long term unemployment and lack of dynamism that resulted from their failed policies.  But if we instead structurally reform the federal government we can unleash the dynamism of American innovation and start a long term economic boom.  This path means not massive cuts to the social safety net but, in fact, better benefits and more independence for the less fortunate.