SKU: 4343427190

Lost Decades: The Making of America's Debt Crisis and the Long Recovery

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Lost Decades: The Making of America's Debt Crisis and the Long RecoveryThe U. S. economy lost the first decade of the twenty first century to an ill conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists. By 2008 the United States had become the biggest

The U.S. economy lost the first decade of the twenty-first century to an ill-conceived boom and subsequent bust. It is in danger of losing another decade to the stagnation of an incomplete recovery. How did this happen? Read this lucid explanation of the origins and long-term effects of the recent financial crisis, drawn in historical and comparative perspective by two leading political economists.

By 2008 the United States had become the biggest international borrower in world history, with more than two-thirds of its $6 trillion federal debt in foreign hands. The proportion of foreign loans to the size of the economy put the United States in league with Mexico, Indonesia, and other third-world debtor nations. The massive inflow of foreign funds financed the booms in housing prices and consumer spending that fueled the economy until the collapse of late 2008. This was the most serious international economic crisis since the Great Depression of the 1930s.

Menzie Chinn and Jeffry Frieden explain the political and economic roots of this crisis as well as its long-term effects. They explore the political strategies behind the Bush administration's policy of funding massive deficits with foreign borrowing. They show that the crisis was foreseen by many and was avoidable through appropriate policy measures. They examine the continuing impact of our huge debt on the continuing slow recovery from the recession. Lost Decades will long be regarded as the standard account of the crisis and its aftermath.



Binding Type: Paperback
Publisher: W. W. Norton & Company
Published: 10/01/2012
ISBN: 9780393344103
Pages: 284
Weight: 0.55lbs
Size: 8.10h x 5.40w x 0.80d
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SKU: 4343427190

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Amazing for the price. It’s a wonderful suit fit just right for a 5’10”. 145 pound male. The quality is surprisingly wonderful for this suit and the color is accurate. As in the picture it is a slim fit and accentuates his figure. I would highly recommend this for a purchase. (be sure to use the measurements on their description before ordering). After a steam and a press we were ready to go. The packaging was very nicely done also.
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Perfect fit.
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I’m 5’9”, about 180 lbs. I got an L based on the Amazon recommendation. The size chart showed the pants being a 36” which is big for me but it’s those that stretch so if you’re a 34” like me, it’ll fit perfectly. No alterations needed for me. Great fit, good looking suit, nice material. I immediately bought another and hope it fits as good as this one. Genuinely impressed.
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Pant issue
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Except pant. Everything is good.
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For the price , this was a good buy. My 8th grade great-grandson needed a suit and I could not find a black suit to fo fit him. This was perfect.
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