House of Debt

Autori

• Atif Mian

Parametri

• 219 pagine
• 8 ore di lettura

• Economia e affari
• Politica
• Saggistica
• Scienze politiche & Politica
• Storia

Maggiori informazioni sul libro

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.

Lingua: Inglese

Pubblicato: 2014

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