Unintended Consequences

Why Everything You Know About the Economy is Wrong

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Pub Date 07 May 2012 | Archive Date 08 Apr 2020

Description

In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn't afford.

It blames average Americans for borrowing recklessly and spending too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk-taking by wealthy individuals and financial institutions. But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of facing a slew of unintended-and potentially dangerous-consequences.

Unintended Consequences is not a book that takes a couple of insights and expands them into 300 pages; rather, it covers the entire scope of the economy. It's a fascinating and contrarian case for how the economy really works, what went wrong over the past decade, and what steps we can take to start growing again. Whether you agree with the book's provocative and counterintuitive conclusions or not, Unintended Consequences will reward you with a sophisticated understanding of the contemporary economy, one no other book has yet provided.

To read an excerpt from Unintended Consequences, please visit http://www.edwardconard.com/book-excerpt

For up-to-date information on everything related to Unintended Consequences, visit www.edwardconard.com

In the aftermath of the Financial Crisis, many commonly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down payments...


Available Editions

EDITION Hardcover
ISBN 9781591845508
PRICE $27.95 (USD)

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