The Postcatastrophe Economy: Rebuilding America and Avoiding the Next Bubble
||Penguin Publishing Group
||HIS036070, BUS086000, BUS045000
9781101442722, Related ISBNs: 1101442727, 1591842638, 9781101442722, 9781591842637
|Number of pages:
Synopsis: How government and business can work together to secure our economic future.
The 2008 crisis was just the beginning; according to sought-after analyst Eric Janszen, an even bigger financial catastrophe is imminent. Inclined to disbelieve him? He predicted the last two busts months before they happened.
Our problems, according to Janszen, are rooted in the flaws of the debt-driven FIRE economy (Finance, Insurance, and Real Estate). Applying the tried-andtrue methods of currency depreciation, tax and interest rate cuts, and fiscal stimulus will not work this time around. The only way out is to change our fundamental approach.
The solution is to use private and public monies to develop major for- profit transportation, energy, and communications infrastructure projects. These projects will spark employment and growth, reduce U.S. dependence on foreign energy and our foreign debt, and improve the efficiency of the economy for all growth industries in the twenty-first century.
This thought-provoking book offers solutions for a more sustainable and stable economic future.
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