Author:
Stockman, David Alan, 1946-
Edition Statement:1st ed.
ImprintNew York : PublicAffairs, [2013]
Descriptionxviii, 743 pages ; 25 cm
Note:Part I: The Blackberry Panic of 2008. Paulson's folly: The needless rescue of AIG and Wall Street -- False legends of dark ATMS and failing banks -- Days of crony capitalist plunder -- The Reagan Era revisited: False narratives of our times. The Reagan Revolution: Repudiations and deformations.Part II: Triumph of the warfare state: How the budget battle was lost -- Triumph of the welfare state: How the GOP anti-tax religion was born -- Why the chickens didn't come home to roost: The Nixon abomination of August 1971.Part III: New Deal legends and the twilight of sound money. New Deal myths of recovery -- The New Deal's true legacy: Crony capitalism and fiscal demise -- War finance and the twilight of sound money -- Eisenhower's defense minimum and the last age of fiscal rectitude --The American Empire and the end of sound money -- Milton Friedman's folly: Rise of the T-bill standard.Part IV: The age of bubble finance. Pork bellies, floating money, and the rise of speculative finance -- Greenspan 2.0 -- Bull market culture and the delusion of quick riches -- Serial bubbles -- The great deformation of capital markets: How Wall Street got huge -- From Washington to Wall Street: Roots of the great housing deformation -- How the Fed brought the gambling mania to America's neighborhoods -- The great financial engineering binge -- The great raid on corporate cash -- The rant that shook the Eccles Building: How the Fed got Cramer'd -- When giant LBOs strip-mined the land -- Deals gone wild: Rise of the debt zombies -- Bonfires of debt and the road not taken.Part V: Sundown in America: The end of free markets and democracy. Willard M. Romney and the Truman Show of bubble finance -- Bonfires of folly: Bernanke's false depression call and the $800 billion Obama stimulus -- Obama's green energy capers: Crony capitalist larceny -- The end of free markets: The rampages of crony capitalism in the auto belt -- No recovery on Main Street -- The Bernanke bubble: Last gift to the 1 percent -- Sundown in America: The state-wreck ahead -- Another road that could be taken.
Bibliography Note:Includes bibliographical references and index.
