Description

Book Synopsis

The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under another, and the myriad consequences that has set in store for all of us. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents.

Then came the crash of 2008, and the Boomer generation's reaction to it was brutal: politicians and policy makers made deliberate decisions that favored the interests of the Boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy and regulation. For the first time in recent history, policy makers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present.

This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.

The Theft of a Decade: How the Baby Boomers Stole

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    A Hardback by Joseph C. Sternberg

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      View other formats and editions of The Theft of a Decade: How the Baby Boomers Stole by Joseph C. Sternberg

      Publisher: PublicAffairs,U.S.
      Publication Date: 13/06/2019
      ISBN13: 9781541742369, 978-1541742369
      ISBN10: 1541742362
      Also in:
      Business, Finance & Law Economic and financial crises and disasters Political economy

      Description

      Book Synopsis

      The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under another, and the myriad consequences that has set in store for all of us. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents.

      Then came the crash of 2008, and the Boomer generation's reaction to it was brutal: politicians and policy makers made deliberate decisions that favored the interests of the Boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy and regulation. For the first time in recent history, policy makers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present.

      This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.

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