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The Raw Deal: How Myths and Misinformation About the Deficit, Inflation, and Wealth Impoverish America

Frank, Ellen

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ISBN 10: 0807047279 / ISBN 13: 9780807047279
Published by Beacon Press
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Title: The Raw Deal: How Myths and Misinformation ...

Publisher: Beacon Press

Book Condition: Good

About this title

Synopsis:

Americans have fallen for the ticker tape. We watch our portfolios, happily or nervously. We know there were a few bad apples at Enron and World Com, but we also know:
* The advent of mutual funds, low-cost brokerages, and the Internet has meant that the stock market is now more transparent, honest, and accessible to the small investor than ever before;
* 401(k)s give the individual responsibility and control over their retirement savings, and that makes us more responsible citizens;
* Federal deficits are bad for the economy, especially, somehow, when they're linked to social spending; and
* Controlling inflation is the most important task of our economic policy.

But as economist Ellen Frank shows us, what we know is wrong. Over the past twenty years, Americans have been fed a mash of confusing financial and economic information. This information has distorted popular understanding of how the economy really operates and camouflaged the transformation of economic policy from a tool for improving the living standards of all to a tool for securing the perquisites of those with financial wealth.
From the Hardcover edition.

About the Author:

Ellen Frank, senior economic analyst for the Poverty Institute at Rhode Island College, writes and lectures widely on U.S. and international economic policy. She lives in Boston, Massachusetts.
From the Hardcover edition.

"About this title" may belong to another edition of this title.

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