عنوان
پدید آورنده
موضوع
رده
HB3743 .M53 2014
HB3743
.
M53
2014
کتابخانه
محل استقرار
022608194X (cloth : alk. paper)
9780226081946 (cloth : alk. paper)
9780226138640 (e-book)
b410759
House of debt :
[Book]
how they (and you) caused the Great Recession, and how we can prevent it from happening again /
Atif Mian and Amir Sufi
219 pages :
illustrations ;
24 cm
Includes bibliographical references (pages 191-207) and index
A scandal in Bohemia -- Busted -- Debt and destruction -- Cutting back -- Levered losses: the theory -- Explaining unemployment -- Boil and bubble -- The credit expansion -- Conduit to disaster -- Debt and bubbles -- Stopping the cycle -- Save the banks, save the economy? -- Forgiveness -- Monetary and fiscal policy -- Sharing
0
Though the banking crisis captured the public's attention, Mian and Sufi argue strongly that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit is disastrously counterproductive when the fundamental problem is too much debt. Excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt
Consumer credit-- United States
Debtor and creditor-- United States
Financial crises-- Prevention
Financial crises-- United States
Foreclosure-- United States
Foreclosure-- United States-- Prevention
Global Financial Crisis, 2008-2009
330
.
973/0931
23
HB3743
HB3743
.
M53
2014
.
M53
2014
Mian, Atif,1975-
Sufi, Amir
20141201105937.0
rda
مطالعه متن کتاب [Book]
Y
