House of debt

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.

שנה

2014

שפה

English

הוצאה

The University of Chicago Press

מהדורות

1

עמודים

219

ISBN

9780226081946

מקור הנתונים: Wikidata