Why Everything You've Been Told About the Economy Is Wrong
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In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn't afford. It blames average Americans for borrowing recklessly and spending too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk taking by wealthy individuals and financial institutions. But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of facing a slew of unintended-and potentially dangerous-consequences.
From Publishers Weekly
© Publishers Weekly
Wow, great, intelligent read
This is a fascinating and super smart account of the 2008 economic crisis. Conard offers counterintuitive explanations as to what caused the crisis, and how we can get unemployment rates reduced, and the economy rolling again. Having read this, I'm certain I'm going to sound a whole lot smarter at cocktail parties.
Thoughtful Analysis of the US Economy Today
This is not a "pleasure" read. It takes time and effort to get through. I often re-read paragraphs over again, and even highlighted passages (using the nifty highlighting feature of the iPad - felt like I was in school again). However, if you take the time to understand, you will be rewarded with a treasure-trove of information about how the US economy works today and how to fix it in the long run. You learn that the economy is far more complex than first realized.