Overview

How bad will the current recession get? According to Eric Janszen, we could be facing an unemployment rate of over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in our cities; and tax revenues down by 30 percent, leading to big cuts in government services. Meanwhile, inflation will keep rising as the Fed is forced to devalue the dollar because foreign countries won't lend to us anymore. Sounds grim, but the good news is that this crisis will open the door to a saner economic future if we recognize the opportunity to correct decades of bad policy. America can wean itself from the debt-financed growth of the past thirty years and restructure to grow based on old-fashioned savings and investment. Janszen shows that the key is not more big government but deploying our unique capacity for innovation through private-public partnerships. He calls for a modern New Deal that develops twenty-first century industries such as biotechnology, alternative energy, and nanotechnology. And he shows how our financial markets can adapt to make it happen. This is an essential book for everyone who is struggling to understand our current predicament.

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9781400116546

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Reviews

Narrator John Pruden delivers Janszen's strong indictment of the debt-ridden 'FIRE' economy (finance, insurance, real estate) in an authoritative manner. Highly recommended. ---Library Journal Starred Audio Review

Author Information

Eric Janszen is a financial analyst with more than two decades' experience in the technology industry as an executive and venture capitalist and a regular contributor to the Harper's magazine Web site. John Pruden is a professional voice actor who records audiobooks, corporate and online training narrations, animation and video game characters, and radio and TV commercials. An AudioFile Earphones Award winner, John has a solid creative foundation from which to draw for his intelligent audiobook narrations.

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