False Profits

Recovering from the Bubble Economy

Dean Baker (Autor)

Buch | Softcover

192 Seiten

2011
PoliPointPress, LLC (Verlag)
978-0-9824171-2-6 (ISBN)

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Recounts the strategies used by the US's top economic policymakers to keep the American public unaware of their failure to recognize the housing bubble and to take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings for tens of millions of people.

Despite reports that the recession may be over, the unemployment rate is more than ten percent and home foreclosures are at a record high. It's no secret that the U. S. economy is in shambles because of the recent housing bubble. However, according to Dean Baker, Co-Director of the Center for Economic and Policy Research, the people who looked the other way as the eight trillion dollar housing bubble grew unchecked are trying to rewrite history by downplaying the impact of the bubble. In Baker's new book, False Profits: Recovering from the Bubble Economy, he recounts the strategies used by the country's top economic policymakers to keep the American public unaware of their failure to recognize the housing bubble and to take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings for tens of millions of people.

Dean Baker is an American macroeconomist and co-founder of the Center for Economic Policy Research. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.

Acknowledgments
Introduction
Chapter 1 Economic Collapse: It Is Their Fault
Chapter 2 Surveying the Damage
Chapter 3 The Terrible Tale of the TARP
Chapter 4 Will They Ever Discover the Housing Bubble?
Chapter 5 Stimulus: It Is Just Spending
Chapter 6 Real Stimulus: Progressive Programs to Boost the Economy
Chapter 7 Reforming the Financial System
Chapter 8 Remember the Housing Bubble!
Notes
Index
About the Author
Figures
2.1 Net Wealth of Late Baby Boomers
2.2 Net Wealth of Early Baby Boomers
2.3 Percent of Homeowners Needing Cash to Sell Their Houses
2.4 Homeownership Rates
5.1 Loss in Annual Demand and Net Stimulus

Erscheint lt. Verlag	1.2.2011
Verlagsort	Sausalito
Sprache	englisch
Maße	140 x 216 mm
Gewicht	261 g
Themenwelt	Sozialwissenschaften ► Politik / Verwaltung ► Politische Systeme
	Wirtschaft ► Betriebswirtschaft / Management
	Wirtschaft ► Volkswirtschaftslehre ► Wirtschaftspolitik
ISBN-10	0-9824171-2-8 / 0982417128
ISBN-13	978-0-9824171-2-6 / 9780982417126
Zustand	Neuware