Book description
Dean Baker, codirector of the Center for Economic and Policy Research recounts the strategies used by the country's top economic policymakers to conceal their failure to recognize the housing bubble or 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 of tens of millions of people. He quashes dire warnings of looming rampant inflation and spiraling debt with solid historic evidence to the contrary—evidence that supports more stimulus, not less. He reveals the evolving role of the U.S. dollar in today's global economy and lays down cogent arguments about why the dollar will fall in value. With a dose of optimism, Baker outlines a thoughtful progressive program for rebuilding the economy and reshaping the financial system, including new financial transaction taxes that will reduce or eliminate economic waste while providing stimulus and incentives where and when they are most needed.Table of contents
- Cover Image
- Praise for False Profits
- Title Page
- Copyright
- Contents
- Figures
- Acknowledgments
- Introduction
- 1. Economic Collapse: It IsTheir Fault
- 2. Surveying the Damage
- 3. The Terrible Tale of the TARP
- 4. Will They Ever Discover the Housing Bubble?
- 5. Stimulus: It IsJust Spending
- 6. Real Stimulus: Progressive Programs to Boost the Economy
- 7. Reforming the Financial System
- 8. Remember the Housing Bubble!
- Notes
- Index
- About the Author
Product information
- Title: False Profits
- Author(s):
- Release date: January 2011
- Publisher(s): Berrett-Koehler Publishers
- ISBN: 9781609944759
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