The Postcatastrophe Economy: Rebuilding America and Avoiding the Next Bubbleby Eric Janszen, John Pruden
How bad will the current recession get? According to Eric Janszen, we could be facing an unemployment rate of over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in our cities; and tax revenues down by 30 percent, leading to big cuts in government services. Meanwhile, inflation will keep rising as the Fed is forced to devalue… See more details below
How bad will the current recession get? According to Eric Janszen, we could be facing an unemployment rate of over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in our cities; and tax revenues down by 30 percent, leading to big cuts in government services. Meanwhile, inflation will keep rising as the Fed is forced to devalue the dollar because foreign countries won't lend to us anymore.Sounds grim, but the good news is that this crisis will open the door to a saner economic future if we recognize the opportunity to correct decades of bad policy. America can wean itself from the debt-financed growth of the past thirty years and restructure to grow based on old-fashioned savings and investment.Janszen shows that the key is not more big government but deploying our unique capacity for innovation through private-public partnerships. He calls for a modern New Deal that develops twenty-first century industries such as biotechnology, alternative energy, and nanotechnology. And he shows how our financial markets can adapt to make it happen.This is an essential book for everyone who is struggling to understand our current predicament.
- Tantor Media, Inc.
- Publication date:
- Edition description:
- MP3 - Unabridged CD
- Product dimensions:
- 5.30(w) x 7.50(h) x 0.60(d)
What People are saying about this
-Paul B. Farrell, columnist and author of The Lazy Person's Guide to Investing
"Eric Janszen has written a powerful and important book about how we can build an American economy in which 'finance once again serves the productive economy instead of rules it.' He describes the job-creating industries of the next ten years and what we have to do to make them thrive."
-Former U.S. Senator Bill Bradley
"There are many who offer a view of what is going to happen to the economy in the future, but few that do so with a strong foundation in financial history and even fewer that have a track record of being correct. Janszen's book is a must- read for any serious investor."
-Weston M. Hicks, President and CEO, Alleghany Corporation
"Janszen provides an unmatched and essential perspective on the financial system's complexities and offers long-term solutions for today's challenges. It's our job to prudently align large pools of capital with secular trends; we have come across no better roadmap than The Postcatastrophe Economy."
-Paul & Wesley Karger, Managing Partners, TwinFocus Capital Partners
"An outstanding read. Eric Janszen's prescription for a more fundamentally sound energy policy is especially perceptive. Janszen's book addresses not only what needs to be done, but the proper roles of government and private interests in securing the real transformative change our economy needs."
-Joe Petrowski, CEO, Gulf Oil
"Can America's economic potential be reached in the face of the debt deflation that Janszen describes? This book describes the financial lobbying and political interests that need to be dismantled for the economy to revive."
-Michael Hudson, Distinguished Research Professor of Economics at University of Missouri, Kansas City
"We need to know where we will be when we get out of this mess, and the Fed's combination of nostalgia, raw hope, and guesswork does not give much guidance. Eric Janszen, seeking scope and depth, contributes significantly to the next, necessary debate."
-Martin Mayer, Brookings Institute Guest Scholar and author of The Fed and the Markets
"Eric has written a book suggesting how we can avoid the worst consequences of our folly as Americans struggle to pay down debt in a damaged economy. If we follow his advice, we may find alternative energy resources and increase productivity in time to become self-sustaining before the United States creates a new financial crisis that will make the current one look like a business boom."
-Janet Tavakoli, president, Tavakoli Structured Finance, and author of Dear Mr. Buffett
"Eric Janszen reinforces the need to look for entrepreneurs to create new companies and new jobs, not to simply expect government economic policy to do so, and this is an all too rare perspective. Refreshing and cogent."
-Bart Stuck, Managing Director of Signal Lake Venture Partners
"Unlike the many 'told you so' books of the past year, Eric Janszen takes a hard look at the foundations of the Great Recession of 2009, explaining why gold prices rose, why the U.S. dollar is safer than we think, and why houses make terrible investments. And rather than suggesting another round of post-hoc regulation, Janszen points the way towards a sustainable future in infrastructure investment. Janszen has the goods."
-Scott Reynolds Nelson, Legum Professor of History, College of William & Mary, author of Crash: An Uncommon History of America's Financial Disasters
"Eric Janszen gives us an eloquent and straightforward analysis of the serious challenges that face the United States today, and a prescription for how America can return to a position of greatness from an author who is optimistic and confident of the resilience and entrepreneurial spirit of the American people."
-Jim Goldinger, founder, Fairhaven Capital Partners
and post it to your social network
Most Helpful Customer Reviews
See all customer reviews >