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HOUSE OF DEBT: HOW THEY AND YOU CAUSED THE GREAT RECESSION, AND HOW WE CAN PREVENT IT FROM HAPPENING AGAIN

HOUSE OF DEBT: HOW THEY AND YOU CAUSED THE GREAT RECESSION, AND HOW WE CAN PREVENT IT FROM HAPPENING AGAIN
Publication Date: 
May 1, 2015
Format: 
P
Trim Size: 
9in. x 6.1in. x 0.7in.
ISBN: 
9780226271651
About This Item: 
With a direct attack on debt, say Mian and Sufi. More aggressive debt forgiveness after the crash helps, but as they illustrate, we can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing the modern economy today
$15.00
Binding: 
Paperback

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