Plunder and Blunder: The Rise and Fall of the Bubble Economy

Plunder and Blunder: The Rise and Fall of the Bubble Economy

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by Dean Baker
     
 

For the second time this decade, the US economy is sinking into a recession due to the collapse of a financial bubble. The most recent calamity is likely to produce a downturn deeper and longer than the stock market crash of 2001. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers

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Overview

For the second time this decade, the US economy is sinking into a recession due to the collapse of a financial bubble. The most recent calamity is likely to produce a downturn deeper and longer than the stock market crash of 2001. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesnt engage in 20-20 hindsight, but documents the fundamental policy changes since 1980 that destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters in the future.

Product Details

ISBN-13:
9780981576992
Publisher:
PoliPointPress, LLC
Publication date:
01/01/2009
Edition description:
New Edition
Pages:
256
Sales rank:
1,361,546
Product dimensions:
5.50(w) x 8.30(h) x 0.70(d)

Table of Contents

Introduction 1

1 How We Got Here 5

2 The Clinton Era and the Origins of the Stock Bubble 19

3 The Collapse of the Stock Bubble 43

4 The Beginnings of the Housing Bubble 67

5 The Final Collapse 91

6 Beyond the Bubble Economy 119

7 Learning from the Bubbles 139

Notes 147

Glossary 155

Acknowledgments 162

Index 163

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