House of debt : how they (and you) caused the Great Recession, and how we can prevent it from happening again / Atif Mian and Amir Sufi.
2014
HB3743 .M53 2014 (Mapit)
Available at General Collection
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Details
Title
House of debt : how they (and you) caused the Great Recession, and how we can prevent it from happening again / Atif Mian and Amir Sufi.
Author
Mian, Atif, 1975- author.
ISBN
9780226081946 hardcover alkaline paper
022608194X hardcover alkaline paper
022608194X hardcover alkaline paper
Published
Chicago ; London : The University of Chicago Press, 2014.
Language
English
Description
219 pages : illustrations ; 24 cm
Call Number
HB3743 .M53 2014
Dewey Decimal Classification
330.973/0931
Summary
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.
Bibliography, etc. Note
Includes bibliographical references (pages 191-207) and index.
Added Author
Sufi, Amir, author.
Record Appears in
On-Campus Resources > Books
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Table of Contents
A scandal in Bohemia
Busted
Debt and destruction
Cutting back
Levered losses: the theory
Explaining unemployment
Boil and bubble
The credit expansion
Conduit to disaster
Debt and bubbles
Stopping the cycle
Save the banks, save the economy?
Forgiveness
Monetary and fiscal policy
Sharing.
Busted
Debt and destruction
Cutting back
Levered losses: the theory
Explaining unemployment
Boil and bubble
The credit expansion
Conduit to disaster
Debt and bubbles
Stopping the cycle
Save the banks, save the economy?
Forgiveness
Monetary and fiscal policy
Sharing.