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Also by Dean Baker:

The End Of Loser Liberalism, September 2011
Paperback / e-Book
Taking Economics Seriously, May 2010
Hardcover
False Profits, January 2010
Trade Size
Plunder and Blunder, January 2009
Hardcover
Social Security: The Phony Crisis, September 2001
Trade Size

False Profits
Dean Baker

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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