Where Did All The Money Go?
Going Into Debt
Chapter 4: Going Into Debt explains the nature of financial
intermediation and examines the relationship between the deregulation of our
financial system and the resulting increase in debt that has occurred since
1980. The way in which
ideological beliefs came to dominate policy making in the United Sates
over the past forty years is discussed along with the way in which the
deregulation of our financial system led to the
housing bubble in the 2000s, its bursting in 2006, and the financial
crisis that began in 2007 just as the lack of financial regulation led to
the housing and stock-market bubbles of the 1920s, the Crash of 1929, and
the financial meltdown that began in 1930.
Where Did All the Money Go? How Lower Taxes, Less
Government, and Deregulation Redistribute Income and Create Economic Instability
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