Title House of debt : how they (and you) caused the Great Recession, and how we can prevent it from happening again / Atif Mian and Amir Sufi.

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Chicago ; London : The University of Chicago Press, 2014.

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Location	Call No.	Status
Middletown, Russell Library - Adult Nonfiction	330.973 MIA	Check Shelf
Windsor, Main Library - Adult Department	330.973 MI	Check Shelf

Description	219 pages : illustrations ; 24 cm
Bibliography	Includes bibliographical references (pages 191-207) and index.
Contents	A scandal in Bohemia -- Busted -- Debt and destruction -- Cutting back -- Levered losses: the theory -- Explaining unemployment -- Boil and bubble -- The credit expansion -- Conduit to disaster -- Debt and bubbles -- Stopping the cycle -- Save the banks, save the economy? -- Forgiveness -- Monetary and fiscal policy -- Sharing.
Summary	Though the banking crisis captured the public's attention, Mian and Sufi argue strongly that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit is disastrously counterproductive when the fundamental problem is too much debt. Excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt.
Subject	Financial crises -- United States.
	Consumer credit -- United States.
	Debtor and creditor -- United States.
	Foreclosure -- United States.
	Financial crises -- Prevention.
	Foreclosure -- United States -- Prevention.
	Global Financial Crisis, 2008-2009.
	Global Financial Crisis (2008-2009) (OCoLC)fst01755654
	Consumer credit. (OCoLC)fst00876277
	Debtor and creditor. (OCoLC)fst00888809
	Financial crises. (OCoLC)fst00924607
	Financial crises -- Prevention. (OCoLC)fst00924612
	Foreclosure. (OCoLC)fst00931742
	Foreclosure -- Prevention. (OCoLC)fst00931747
	United States. (OCoLC)fst01204155
	Finanskriser.
	Konsumentkredit.
	Finanskrisen 2008-2009.
	Förenta staterna.
Chronological Term	2008 - 2009
Added Author	Sufi, Amir, author.
Standard No.	40023929673
ISBN	9780226081946 (cloth ;) (alk. paper)
	022608194X (cloth ;) (alk. paper)
	9780226138640 (e-book)

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Title House of debt : how they (and you) caused the Great Recession, and how we can prevent it from happening again / Atif Mian and Amir Sufi.

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