How Money and Debt Built the American Dream

Book - 2011
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Americans as a whole view themselves as reasonably prudent andsober people when it comes to matters of money, reflecting thepuritan roots of the earliest European settlers. Yet as acommunity, we also seem to believe that we are entitled to alifestyle that is well-beyond our current income, a tendency thatgoes back to the earliest days of the United States andparticularly to get rich quick experiences ranging from the GoldRush of the 1840s to the real estate bubble of the early 21stCentury.

Inflated examines this apparent conflict and makes theargument that such a world view is so ingrained in us that toexpect the United States to live in a "deflated" world is simplyunrealistic. It skillfully seeks to tell the story of, moneyinflation and public debt as enduring (and perhaps endearing)features of American life, rather than something we can one dayovercome as our policy makers constantly promise.

Features interviews with today's top financial industry leadersand insiders. Offer a glimpse into the future of the Federal Reserve and therole it will play in the coming years Examines what the future may hold for the value of the U.S.dollar and the real incomes of future generations of Americans

The gradual result of the situation we find ourselves in willinevitably lead to inflation, loss of economic opportunity, and adecline in the value of the dollar. This book will show you why,and reveal how we might be able to deal with it.

Publisher: Hoboken, N.J. : Wiley, c2011.
ISBN: 9780470875148
Branch Call Number: 332.1097 WHA
Characteristics: xxii, 393 p. : ill. ; 24 cm.


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