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House of Debt

by
About
The Book
This extremely readable and short book uses the Great Recession of 2008-10 as a launchpad to offer convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession of 2008-10 and its consequences? And what actions are needed to prevent such crises going forward?

House of Debt

by Atif Mian, Amir Sufi
About
The Book
This extremely readable and short book uses the Great Recession of 2008-10 as a launchpad to offer convincing answers to some of the most important questions facing the modern economy today: Why do severe recessions happen? Could we have prevented the Great Recession of 2008-10 and its consequences? And what actions are needed to prevent such crises going forward?
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What Anat Admati says

An excellent book presenting compelling evidence that homeowners’ distress exacerbated and prolonged the 2008-10 US recession; exposes the continued distortions in the financial system and the failure of policy makers to learn essential lessons and take appropriate actions.