Unintended consequences : Why Everything You've Been Told about the Economy Is Wrong. / Edward Conard.
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- ISBN: 9781483053363 (sound recording)
- Physical Description: 1 online resource (11 audio files) : digital
- Edition: Unabridged.
- Publisher: Ashland : Blackstone Audio, Inc., and Buck 50 Productions, LLC, 2012.
|Participant or Performer Note:||
Narrator: Malcolm Hillgartner.
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 a slew of unintended-and potentially dangerous-consequences.Unintended Consequences is not a book that takes a couple of insights and expands them into three hundred pages...
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