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Recovering from the Bubble Economy
Polipoint Press
January 2010
On Sale: January 1, 2010
240 pages ISBN: 0982417128 EAN: 9780982417126 Trade Size
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Non-Fiction
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.
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