Why Everything You've Been Told About the Economy Is Wrong
- If the United States had become a nation of reckless consumers rather than investors, why did productivity soar in the years leading up to the meltdown?
- If predatory bankers took advantage of home owners, why did down payments decline, thereby shifting risk from home owners to lenders?
- If the risks were easy to spot, why did top political and financial advisers encourage lenders to make unsound investments?
- If new regulations encourage banks to hold enough capital to fund withdrawals and not just loan losses, how will the economy underwrite the risks necessary to reach full employment?
To read an excerpt from Unintended Consequences, please visit http://www.edwardconard.com/book-excerpt
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Baker & Taylor
A former managing director of Bain Capital, LLC presents a counterintuitive assessment of the financial crisis to identify what he believes were its actual causes, outlining recommended changes for strengthening the nation's economy. 15,000 first printing.
Presents a counterintuitive assessment of the financial crisis to identify what the author believes were its actual causes, outlining recommended changes for strengthening the nation's economy.
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