Plunder and Blunder

The Rise and Fall of the Bubble Economy

Plunder and Blunder
Are you sick of the rise & fall of the bubble economy?

Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles, explains how policy changes since 1980 laid the groundwork for catastrophic-but completely predictable-market meltdowns, and offers prescriptions for avoiding these disasters in the future. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger.

Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles, explains how policy changes since 1980 laid the groundwork for catastrophicbut completely predictablemarket meltdowns, and offers prescriptions for avoiding these disasters in the future. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesnt engage in 20-20 hindsight, but thoroughly documents how fundamental policy shifts destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters.

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Overview

Are you sick of the rise & fall of the bubble economy?

Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles, explains how policy changes since 1980 laid the groundwork for catastrophic-but completely predictable-market meltdowns, and offers prescriptions for avoiding these disasters in the future. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger.

Plunder and Blunder chronicles the growth and collapse of the stock and housing bubbles, explains how policy changes since 1980 laid the groundwork for catastrophicbut completely predictablemarket meltdowns, and offers prescriptions for avoiding these disasters in the future. Dean Baker argues not only that competent economists should have recognized the developing housing bubble, but also that policy makers and the media cheerfully neglected those economists who did predict danger. Baker doesnt engage in 20-20 hindsight, but thoroughly documents how fundamental policy shifts destabilized the economy and eroded the broad prosperity of the post-war period. His expert analysis explains the outcomes clearly so we can prevent similar financial disasters.

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Meet the Author


Visit Author Page - Dean Baker


Dean Baker is an American macroeconomist and co-founder of the Center for Economic Policy Research. He previously was a senior economist at the Economic Policy Institute and an assistant professor of economics at Bucknell University. He has a Ph.D. in economics from the University of Michigan.

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Foreword


Introduction


Chapter 1: How We Got Here


Chapter 2:
The Clinton Era and the Origins of the Stock Bubble


Chapter 3: The Collapse of the Stock Bubble


Chapter 4: The Beginnings of the Housing Bubble


Chapter 5: The Final Collapse


Chapter 6:
Beyond the Bubble Economy


Chapter 7: Learning from the Bubbles


Notes

Glossary

Acknowledgements

Index

About the Author

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Endorsements

"Dean Baker warned us what was coming. Now we can read why Dean got it right when so many experts were blind. The story is intriguing -- and deeply disturbing."

-- William Greider, national affairs correspondent, The Nation, and author of Come Home, America

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