Introduction

 

THE PURPOSE OF THIS BOOK IS TO PROVIDE AN INTEGRATED INSID-er’s perspective on the recent financial crisis, the related Great Recession, and why a meaningful economic recovery has not occurred. It will also define the dire consequences if we do not change directions, along with the fundamental long-term cures for our economic problems.

The financial crisis is the most important economic event in 80 years. It will have a significant impact on the quality of your life and that of your children. The vast majority of the explanations for the crisis and the ensuing recession presented in the popular press are not true. Destructive policy decisions are being made based on this misidentification of the causes of our financial problems. ...

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