Twice in the early 21st century, the U.S. economy plunged into a recession due to the collapse of a financial bubble. In this audiobook, Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media neglected those economists who did predict danger.
Baker documents the fundamental policy changes since 1980 that destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters in the future.
"For a more straightforward primer on the crash, the reader cannot do better than Dean Baker's short volume,
Plunder and Blunder." (
The American Prospect)
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