| Description |
x, 228 p. ; 24 cm. |
| Note |
Includes index. |
| Contents |
The foundations of the FIRE economy and how they crumbled -- The transitional economy and feedback loops -- Wrongheaded response -- The TECI economy : transportation, energy, communication, and infrastructure -- Peak cheap oil -- Economic and market forecasting in a post-bubble world. |
| Summary |
The Great Recession was just the beginning, according to sought-after analyst Eric Janszen, who predicted the last two busts well before they happened; if we remain on the current course, an even bigger catastrophe is imminent. Our problems, he maintains, are rooted in the flaws of the debt-driven FIRE economy (Finance, Insurance, and Real Estate), which dwarfs, and is coming close to extinguishing, America's "Productive Economy"--the making and selling of real things. The government's tried-and-true methods of currency depreciation, tax and interest rate cuts, and fiscal stimulus won't cut it this time around. The only way out is to change our fundamental approach. The solution? Use private and public monies to develop major, for-profit infrastructure projects in transportation, energy, and communications. These projects will spark employment and growth, reduce America's dependence on foreign energy and our foreign debt, and improve the efficiency of the economy for decades to come.--From publisher description. |
| Subject |
Infrastructure (Economics) -- Government policy -- United States.
|
|
United States -- Economic policy -- 2009-
|
|
Global Financial Crisis, 2008-2009.
|
| ISBN |
9781591842637 |
|
1591842638 |
|
