{"product_id":"boom-and-bust-banking-the-causes-and-cures-of-the-great-recession-paperback","title":"Boom and Bust Banking: The Causes and Cures of the Great Recession - Paperback","description":"\u003cdiv\u003e\u003cp style=\"text-align: right;\"\u003e\u003ca href=\"https:\/\/reportcopyrightinfringement.com\/\" target=\"_blank\" rel=\"nofollow\"\u003e\u003cb\u003eReport copyright infringement\u003c\/b\u003e\u003c\/a\u003e\u003c\/p\u003e\u003c\/div\u003e\u003cp\u003eby \u003cb\u003eDavid Beckworth\u003c\/b\u003e (Editor)\u003c\/p\u003e\u003cp\u003e\u003cb\u003eExploring the forceful renewal of the boom-and-bust cycle after several decades of economic stability, this book is a research-based review of the factors that caused the 2008 recession. It offers cutting-edge diagnoses of the recession and prescriptions on how to boost the economy from leading economists.\u003c\/b\u003e \u003c\/p\u003e\u003cp\u003e\u003c\/p\u003eCongress created the Federal Reserve System in 1913 to tame the business cycle once and for all. Optimists believed central banking would moderate booms, soften busts, and place the economy on a steady trajectory of economic growth. A century later, in the wake of the worst recession in fifty years, Editor David Beckworth and his line-up of noted economists chronicle the critical role the Federal Reserve played in creating a vast speculative bubble in housing during the 2000s and plunging the world economy into a Great Recession. As commentators weigh the culpability of Wall Street's banks against Washington's regulators, the authors return our attention to the unique position of the Federal Reserve in recent economic history. Expansionary monetary policy formed the basis of the soaring housing prices, excessive leverage, and mispricing of risk that characterized the Great Boom and the conditions for recession. Yet as \u003cstrong\u003e\u003ci\u003eBoom and Bust Banking\u003c\/i\u003e also explains, the Great Recession was not an inevitable result of the Great Boom. Contrary to the conventional wisdom, the Federal Reserve in fact tightened rather than loosened the money supply in the early days of the recession. Addressing a lack of critical studies of recent Federal Reserve policy, \u003cstrong\u003e\u003ci\u003eBoom and Bust Banking\u003c\/i\u003e reveals the Federal Reserve's hand in the economy's deterioration from slowdown to global recession. At the close of the most destructive economic episode in a half-century, \u003cstrong\u003e\u003ci\u003eBoom and Bust Banking\u003c\/i\u003e reconsiders the justifications for central banking and reflects on possibilities for reform. With the future ripe for new thinking, this volume is essential for policy makers and concerned citizens who wish to learn from recent history.\u003ch3\u003eAuthor Biography\u003c\/h3\u003e\n\u003cp\u003e\u003cb\u003eDavid Beckworth\u003c\/b\u003e is an assistant professor of finance and economics at Texas State University. He lives in San Marcos, Texas.\u003c\/p\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eNumber of Pages:\u003c\/strong\u003e 384\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eDimensions:\u003c\/strong\u003e 1 x 8.9 x 6 IN\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003eIllustrated:\u003c\/strong\u003e Yes\u003c\/div\u003e\n            \u003cdiv\u003e\n\u003cstrong\u003ePublication Date:\u003c\/strong\u003e October 01, 2012\u003c\/div\u003e\n            \u003c\/strong\u003e\u003c\/strong\u003e\u003c\/strong\u003e","brand":"BooksCloud","offers":[{"title":"Default Title","offer_id":47434550640861,"sku":"9781598130768","price":29.11,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0811\/9867\/8237\/files\/HX0hOJJWJI9781598130768.webp?v=1771377952","url":"https:\/\/handfulofbooks.com\/products\/boom-and-bust-banking-the-causes-and-cures-of-the-great-recession-paperback","provider":"Handful of Books","version":"1.0","type":"link"}