Plunder and Blunder

by Baker, Dean

• ISBN13: 9780981576992
• ISBN10: 0981576990
• Format: Trade Paper
• Copyright: 2011-02-01
• Publisher: Berrett-Koehler Publishers

Summary

For the second time this decade, the U.S. economy id sinking into a recession due to the collapse of a financial bubble. The most recent calamity will lead to a downturn deeper and longer than the stock market crash of 2001.

Dean Baker's Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles and explains how policy blunders and greed led to the catastrophic --but completely predictable --market meltdowns. An expert guide to recent economic history, Baker offers policy prescriptions to help prevent similar financial disasters.

Author Biography

Dean Baker is co-director of the Center for Economic and Policy Research in Washington DC. His weblog, “Beat the Press,” appears on the American Prospect website and features commentary on economic reporting.
Baker’s columns have appeared in many major media outlets, including the Atlantic Monthly, the Washington Post, and the London Financial Times. He is frequently cited in economics reporting in major media outlets, including the New York Times, the Washington Post, CNBC, and National Public Radio.

Table of Contents

The Bubble Economy: How We Got Here

The Clinton Era and the Origins of the Stock Bubble

The Collapse of the Stock Bubble and the 2001 Recession

The Bubble Comes Home: The Beginnings of the Housing Bubble

The Further Extension of the Housing Bubble and Its Final Collapse

Beyond the Bubble Economy

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