Disequilibrium
Subtitle: how America's great inflation led to the great recession
By: Steven Ricchiuto
Edition: First edition.
Publisher: Greenleaf Book Group Press
Published: 2016
Place of publication: Austin, Texas
Language: eng
Number of pages: 221
ISBN-13: 9781626343962
Copyright date: 2016
Subjects: Economic conditions; Inflation (Finance); Recessions; Conditions économiques; Inflation; Récessions; Economic history
Description: Who caused the Great Recession? We did. In Disequilibrium, economist Steven Ricchiuto traces how destructive changes in our economic systems have created our present unbalanced economy. He expertly shows how today's disequilibrium between supply and demand came from decades of misguided economic policies made in response to the Great Inflation of the 1970s and 1980s. Ricchiuto then goes even further, investigating how economic forces created in the World War II era laid the groundwork for this destructive shift. Ricchiuto's timely book offers a method for assessing macro economic credit quality and suggests policy makers alter their behavior to handle new macro dynamics. Today's economic framework cannot be counted on to protect us forever. In Disequilibrium, Ricchiuto shows us where we went wrong in the past so that we can work to get the future right.