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The Postcatastrophe Economy: Rebuilding America and Avoiding the Next Bubble
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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 doo...
Sounds grim, but the good news is that this crisis will open the doo...