False Profits (Paperback)

Dean Baker

ISBN 10: 0982417128 / ISBN 13: 9780982417126

Published by PoliPointPress, LLC, Sausalito, 2011

About this Item

Paperback. Despite reports that the recession may be over, the unemployment rate is more than ten percent and home foreclosures are at a record high. It's no secret that the U. S. economy is in shambles because of the recent housing bubble. However, according to Dean Baker, Co-Director of the Center for Economic and Policy Research, the people who looked the other way as the eight trillion dollar housing bubble grew unchecked are trying to rewrite history by downplaying the impact of the bubble. In Baker's new book, False Profits: Recovering from the Bubble Economy, he recounts the strategies used by the country's top economic policymakers to keep the American public unaware of their failure to recognize the housing bubble and to 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 for tens of millions of people. Recounts the strategies used by the US's top economic policymakers to keep the American public unaware of their failure to recognize the housing bubble and to 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 for tens of millions of people. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9780982417126

Bibliographic Details

• Title: False Profits (Paperback)
• Publisher: PoliPointPress, LLC, Sausalito
• Publication Date: 2011
• Language: English
• ISBN 10: 0982417128
• ISBN 13: 9780982417126
• Binding: Paperback
• Condition: new

About this title

Synopsis

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.

About the Author

Dean Baker is an American macroeconomist and co-founder of the Center for Economic Policy Research. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.