Bubblenomics: A Crash Course in Common Cents
Book Details
Author(s)
Lawrence Rowe
Publisher
MDR Press
ISBN / ASIN
0976766817
ISBN-13
9780976766810
Availability
Usually ships in 24 hours
Sales Rank
#5,651,236
Marketplace
United States 🇺🇸
Description
What Every Billionaire Knows That You Don't
More than five years after the housing bubble popped, leaders continue to promise a recovery, yet the economy still stagnates. Few Americans know what actually caused the global economic crisis or the prolonged economic Depression. If pressed for a precise cause, most Americans would admit ignorance or offer an incorrect answer which they believe to be true. Given the media saturation of the crisis and the plethora of books published on the topic, this ignorance is astounding. And tragic.
Most books about the econolypse give dramatic accounts of the carnage without identifying its fundamental, core-level causes. In straightforward language anyone can understand, Bubblenomics explains the real causes of Depressions. Economics bores or confuses most people, and the elite rely on their ignorance to perpetuate the fraudulent status quo. Bubblenomics is for people who want to understand the current econolypse without an exhausting economics study.
Economic bubbles have been engineered throughout history. The housing bubble of the Roaring 2000s which preceded the current Depression has the same cause as the stock-market bubble of the Roaring 20s which preceded the 1930s Great Depression. Each bubble is not new and unique, but rather a repetition of the same old pattern. Bubblenomics will teach you that pattern.
"The paper bubble is then burst. This is what you and I, and every reasoning man, seduced by no obliquity of mind or interest, have long forseen. Yet its disastrous effects are not the less for having been foreseen. We were laboring under a dropsical fulness of circulating medium [money]. Nearly all of it is now called in by the banks who have the regulation of the safety valves of our fortunes and who condense or explode them at their will. Lands in this state cannot now be sold for a year s rent: and unless our legislature have wisdom enough to effect a remedy by a gradual diminution only of the medium [money supply], there will be a general revolution of property in this state."
More than five years after the housing bubble popped, leaders continue to promise a recovery, yet the economy still stagnates. Few Americans know what actually caused the global economic crisis or the prolonged economic Depression. If pressed for a precise cause, most Americans would admit ignorance or offer an incorrect answer which they believe to be true. Given the media saturation of the crisis and the plethora of books published on the topic, this ignorance is astounding. And tragic.
Most books about the econolypse give dramatic accounts of the carnage without identifying its fundamental, core-level causes. In straightforward language anyone can understand, Bubblenomics explains the real causes of Depressions. Economics bores or confuses most people, and the elite rely on their ignorance to perpetuate the fraudulent status quo. Bubblenomics is for people who want to understand the current econolypse without an exhausting economics study.
Economic bubbles have been engineered throughout history. The housing bubble of the Roaring 2000s which preceded the current Depression has the same cause as the stock-market bubble of the Roaring 20s which preceded the 1930s Great Depression. Each bubble is not new and unique, but rather a repetition of the same old pattern. Bubblenomics will teach you that pattern.
"The paper bubble is then burst. This is what you and I, and every reasoning man, seduced by no obliquity of mind or interest, have long forseen. Yet its disastrous effects are not the less for having been foreseen. We were laboring under a dropsical fulness of circulating medium [money]. Nearly all of it is now called in by the banks who have the regulation of the safety valves of our fortunes and who condense or explode them at their will. Lands in this state cannot now be sold for a year s rent: and unless our legislature have wisdom enough to effect a remedy by a gradual diminution only of the medium [money supply], there will be a general revolution of property in this state."
--Thomas Jefferson, during Depression v1.1819-1823
