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" House of debt : "


Document Type : BL
Record Number : 581540
Doc. No : b410759
Main Entry : Mian, Atif,1975-
Title & Author : 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
Page. NO : 219 pages :: illustrations ;; 24 cm
ISBN : 9780226081946 (cloth : alk. paper)
: : 022608194X (cloth : alk. paper)
: 9780226138640 (e-book)
Bibliographies/Indexes : Includes bibliographical references (pages 191-207) and index
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
Abstract : 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
Subject : Financial crises-- United States
Subject : Consumer credit-- United States
Subject : Debtor and creditor-- United States
Subject : Foreclosure-- United States
Subject : Financial crises-- Prevention
Subject : Foreclosure-- United States-- Prevention
Subject : Global Financial Crisis, 2008-2009
Dewey Classification : ‭330.973/0931‬
LC Classification : ‭HB3743‬‭.M53 2014‬
: ‭HB3743‬‭.M53 2014‬
Added Entry : Sufi, Amir
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