TY  - BOOK
N2  - 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.
AB  - 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.
T1  - House of debt :how they (and you) caused the Great Recession, and how we can prevent it from happening again /
AU  - Mian, Atif,
AU  - Sufi, Amir,
CN  - HB3743
CN  - HB3743
ID  - 716841
KW  - Financial crises
KW  - Consumer credit
KW  - Debtor and creditor
KW  - Foreclosure
KW  - Financial crises
KW  - Foreclosure
KW  - Global Financial Crisis, 2008-2009.
SN  - 9780226081946
SN  - 022608194X
TI  - House of debt :how they (and you) caused the Great Recession, and how we can prevent it from happening again /
ER  -