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    Distributor: Penguin Random House Availability: Available On Sale Date: Feb 01, 2011 Carton Quantity: 24 $19.95 CAD
    $15.95 USD
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False Profits
Recovering from the Bubble Economy
By (author): Dean Baker
9780982417126 Paperback, Trade English General Trade POLITICAL SCIENCE / Political Economy Feb 01, 2011
$19.95 CAD
Active 5.5 x 8.5 x 0.5 in 192 pages Berrett-Koehler Publishers
Dean Baker, codirector of the Center for Economic and Policy Research recounts the strategies used by the country’s top economic policymakers to conceal their failure to recognize the housing bubble or take steps to rein it in before it grew to unprecedented levels, resulting in the loss of millions of jobs, homes, and the life savings of tens of millions of people. He quashes dire warnings of looming rampant inflation and spiraling debt with solid historic evidence to the contrary—evidence that supports more stimulus, not less. He reveals the evolving role of the U.S. dollar in today’s global economy and lays down cogent arguments about why the dollar will fall in value. With a dose of optimism, Baker outlines a thoughtful progressive program for rebuilding the economy and reshaping the financial system, including new financial transaction taxes that will reduce or eliminate economic waste while providing stimulus and incentives where and when they are most needed.

Dean Baker is an American macroeconomist and co-founder of the Center for Economic Policy Research. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.

“Simply the best succinct explanation of the causes, cures, dynamics, and politics of the financial crisis—an indispensible book.”—Robert Kuttner, coeditor, The American Prospect

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