The age of austerity
Subtitle: the global financial crisis and the return to economic growth
By: Thomas J. Schoenbaum
Publisher: Edward Elgar
Published: 2012
Place of publication: Cheltenham, UK; Northampton, MA
Language: eng
Number of pages: 214
ISBN-13: 9781781951446; 9781781951453
Subjects: Global Financial Crisis, 2008-2009; Financial institutions; Law and legislation; Financial crises; Economic policy
Description: The book begins with a detailed breakdown of the financial crisis and the government response in the United States, with particular focus on the Dodd-Frank Wall Street Reform and Consumer Protection Act. The author then puts forth a basic three-part plan calling for (1) fundamental tax and entitlement reform; (2) massive economic stimulus in the form of public and private investment to modernize the country's aging infrastructures; and (3) mortgage relief to revitalize the nation's housing markets. The book concludes with specific policy proposals designed to achieve these goals and return the US economy to a state of full employment and robust economic growth.
Notes: Includes bibliographical references and index.