Description

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 the Millennials' Economic Future

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Hardback by Joseph C. Sternberg

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The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under... Read more

    Publisher: PublicAffairs,U.S.
    Publication Date: 13/06/2019
    ISBN13: 9781541742369, 978-1541742369
    ISBN10: 1541742362

    Number of Pages: 288

    Non Fiction , Business, Finance & Law

    Description

    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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