Can It Happen Again?

Can It Happen Again?

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  • Author: Hyman Minsky
  • Publisher: Routledge
  • ISBN: 1317232496
  • Category : Business & Economics
  • Languages : en
  • Pages : 329

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.


Stabilizing an Unstable Economy

Stabilizing an Unstable Economy

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  • Author: Hyman P. Minsky
  • Publisher: McGraw Hill Professional
  • ISBN: 0071593004
  • Category : Business & Economics
  • Languages : en
  • Pages : 433

“Mr. Minsky long argued markets were crisis prone. His 'moment' has arrived.” -The Wall Street Journal In his seminal work, Minsky presents his groundbreaking financial theory of investment, one that is startlingly relevant today. He explains why the American economy has experienced periods of debilitating inflation, rising unemployment, and marked slowdowns-and why the economy is now undergoing a credit crisis that he foresaw. Stabilizing an Unstable Economy covers: The natural inclination of complex, capitalist economies toward instability Booms and busts as unavoidable results of high-risk lending practices “Speculative finance” and its effect on investment and asset prices Government's role in bolstering consumption during times of high unemployment The need to increase Federal Reserve oversight of banks Henry Kaufman, president, Henry Kaufman & Company, Inc., places Minsky's prescient ideas in the context of today's financial markets and institutions in a fascinating new preface. Two of Minsky's colleagues, Dimitri B. Papadimitriou, Ph.D. and president, The Levy Economics Institute of Bard College, and L. Randall Wray, Ph.D. and a senior scholar at the Institute, also weigh in on Minsky's present relevance in today's economic scene in a new introduction. A surge of interest in and respect for Hyman Minsky's ideas pervades Wall Street, as top economic thinkers and financial writers have started using the phrase “Minsky moment” to describe America's turbulent economy. There has never been a more appropriate time to read this classic of economic theory.


The great depression, can it happen again?

The great depression, can it happen again?

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  • Author: United States. Congress. Joint Economic Committee
  • Publisher:
  • ISBN:
  • Category : Depressions
  • Languages : en
  • Pages : 62


House of Debt

House of Debt

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  • Author: Atif Mian
  • Publisher: University of Chicago Press
  • ISBN: 022627750X
  • Category : Business & Economics
  • Languages : en
  • Pages : 238

“A concise and powerful account of how the great recession happened and what should be done to avoid another one . . . well-argued and consistently informative.” —Wall Street Journal The Great American Recession of 2007-2009 resulted in the loss of eight million jobs and the loss of four million homes to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession—that the total amount of debt for American households doubled between 2000 and 2007 to $14 trillion? Definitely not. Armed with clear and powerful evidence, Atif Mian and Amir Sufi reveal in House of Debt how the Great Recession and Great Depression, as well as less dramatic periods of economic malaise, were caused by a large run-up in household debt followed by a significantly large drop in household spending. Though the banking crisis captured the public’s attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundamental problem is too much debt. As their research shows, excessive household debt leads to foreclosures, causing individuals to spend less and save more. Less spending means less demand for goods, followed by declines in production and huge job losses. How do we end such a cycle? With a direct attack on debt, say Mian and Sufi. We can be rid of painful bubble-and-bust episodes only if the financial system moves away from its reliance on inflexible debt contracts. As an example, they propose new mortgage contracts that are built on the principle of risk-sharing, a concept that would have prevented the housing bubble from emerging in the first place. Thoroughly grounded in compelling economic evidence, House of Debt offers convincing answers to some of the most important questions facing today’s economy: Why do severe recessions happen? Could we have prevented the Great Recession and its consequences? And what actions are needed to prevent such crises going forward?


Sorry I Acted Crazy It Will Happen Again

Sorry I Acted Crazy It Will Happen Again

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  • Author: Karen Prints
  • Publisher: Independently Published
  • ISBN: 9781790839216
  • Category :
  • Languages : en
  • Pages : 122

This funny blank lined note book will make a great gift for the crazy aunt, uncle or co worker who acts crazy once in while 120 Pages High Quality Paper 6


Targeted

Targeted

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  • Author: Brittany Kaiser
  • Publisher: HarperCollins
  • ISBN: 0062965808
  • Category : Political Science
  • Languages : en
  • Pages : 435

An “important and gripping” memoir by the woman who blew the whistle on Cambridge Analytica and the data industry’s unethical practices (The Washington Post). When Brittany Kaiser joined Cambridge Analytica—the UK-based political consulting firm funded by conservative billionaire and Donald Trump patron Robert Mercer—she was an idealistic young professional, a veteran of Barack Obama’s 2008 campaign with degrees in human rights law and international relations. Her goal was to utilize data for humanitarian purposes, most notably to prevent genocide and human rights abuses. But her experience inside Cambridge Analytica opened her eyes to the tremendous risks this unregulated industry poses to privacy and democracy. In this explosive memoir, she reveals the disturbing truth about the multi-billion-dollar data industry, revealing how companies are getting richer using our personal information and exposing how Cambridge Analytica exploited weaknesses in privacy laws to help elect Donald Trump in 2016. Targeted is Kaiser’s eyewitness chronicle of the dramatic and disturbing story of the rise and fall of Cambridge Analytica. She reveals how Facebook’s lax policies and lack of sufficient national laws allowed voters to be manipulated in both Britain and the US, where personal data was weaponized to spread fake news and racist messaging during the Brexit vote and the 2016 election. In the aftermath, as she became aware of the horrifying reality of what Cambridge Analytica had done, Kaiser made the difficult choice to expose the truth. Risking her career, relationships, and personal safety, she told authorities about the industry’s unethical practices, eventually testifying before Parliament about the company’s Brexit efforts and helping Special Counsel Robert Mueller’s investigation into Russian interference in the 2016 election, alongside at least ten other international investigations. Packed with never-before-publicly-told stories, Targeted goes inside the secretive meetings with Trump campaign personnel—and makes the case that legal oversight of the data industry is not only justifiable but essential to ensuring the long-term safety of our democracy. “Captivating and revelatory.” —Publishers Weekly (starred review) Includes photographs


Hacked Again

Hacked Again

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  • Author: Scott N. Schober
  • Publisher: Hillcrest Publishing Group
  • ISBN: 0996902201
  • Category : Computers
  • Languages : en
  • Pages : 203

Hacked Again details the ins and outs of cybersecurity expert and CEO of a top wireless security tech firm Scott Schober, as he struggles to understand: the motives and mayhem behind his being hacked. As a small business owner, family man and tech pundit, Scott finds himself leading a compromised life. By day, he runs a successful security company and reports on the latest cyber breaches in the hopes of offering solace and security tips to millions of viewers. But by night, Scott begins to realize his worst fears are only a hack away as he falls prey to an invisible enemy. When a mysterious hacker begins to steal thousands from his bank account, go through his trash and rake over his social media identity; Scott stands to lose everything he worked so hard for. But his precarious situation only fortifies Scott's position as a cybersecurity expert and also as a harbinger for the fragile security we all cherish in this digital life. Amidst the backdrop of major breaches such as Target and Sony, Scott shares tips and best practices for all consumers concerning email scams, password protection and social media overload: Most importantly, Scott shares his own story of being hacked repeatedly and bow he has come to realize that the only thing as important as his own cybersecurity is that of his readers and viewers. Part cautionary tale and part cyber self-help guide, Hacked Again probes deep into the dark web for truths and surfaces to offer best practices and share stories from an expert who has lived as both an enforcer and a victim in the world of cybersecurity. Book jacket.


Hidden in Plain Sight

Hidden in Plain Sight

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  • Author: Peter J. Wallison
  • Publisher: Encounter Books
  • ISBN: 159403866X
  • Category : Business & Economics
  • Languages : en
  • Pages : 331

The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years, if not generations. The conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will cause another crisis. A competing narrative about what caused the financial crisis has received little attention. This view, which is accepted by almost all Republicans in Congress and most conservatives, contends that the crisis was caused by government housing policies. This book extensively documents this view. For example, it shows that in June 2008, before the crisis, 58 percent of all US mortgages were subprime or other low-quality mortgages. Of these, 76 percent were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008, they drove down housing prices and weakened banks and other mortgage holders, causing the crisis. After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains.


Can love Happen Twice

Can love Happen Twice

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  • Author: Ravinder Singh
  • Publisher: Penguin UK
  • ISBN: 818475485X
  • Category : Fiction
  • Languages : en
  • Pages : 173

When Ravin first said ‘I love you . . .’ he meant it forever. The world has known this through Ravin’s bestselling novel; I Too Had a Love Story. But did Ravin’s story really end on the last page of that book? On Valentine’s Day; a radio station in Chandigarh hosts a very special romantic chat show. Ravin and his three best friends are invited as guests to talk about Ravin’s love story. But surprisingly everyone apart from Ravin turns up. As the show goes live; there is only one question in every listener’s mind: what has happened to Ravin? To answer this question the three friends begin reading from a handwritten copy of Ravin’s incomplete second book—the entire city listens breathlessly; unable to believe the revelations that follow.


It Never Can Happen Again

It Never Can Happen Again

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  • Author: William De Morgan
  • Publisher: Good Press
  • ISBN:
  • Category : Fiction
  • Languages : en
  • Pages : 774

Dive into the societal intricacies of England with De Morgan's "It Never Can Happen Again." This captivating tale delves into the dynamics between fathers and daughters and the complexities of social classes. Set against the backdrop of English society, De Morgan's narrative offers a poignant exploration of relationships, aspirations, and the human spirit.