Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong

Unintended Consequences: Why Everything You've Been Told About the Economy Is Wrong
ISBN-10
1591846307
ISBN-13
9781591846307
Series
Unintended Consequences
Category
Business & Economics
Pages
320
Language
English
Published
2013-04-30
Publisher
Penguin
Author
Edward Conard

Description

Was our country’s economic success before the Crash of ‘08 built on false pretenses? Did we simply borrow and spend too much, or was something else really going on? The conventional wisdom now accuses Wall Street and the mortgage industry of using predatory tactics to seduce homeowners. Meanwhile, average Americans are blamed for increasing consumption to unsustainable levels by borrowing recklessly. And the tax policies of the Reagan and Bush administrations are blamed for encouraging reckless risk-taking. Edward Conard disagrees. In an attempt to set the record straight he presents a fascinating new case for how the economy really works, why the U.S. has outperformed other countries, what caused the financial crisis, and what improvements might better protect our economy without damaging growth.

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