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The Raw Deal: How Myths and Misinformation about the Deficit, Inflation, and Wealth Impoverish America
Paperback
EconomicsGeneral Political ScienceUnited States Politics
ISBN13: 9780807047279
Publisher: Beacon Press
Published: Apr 15 2005
Pages: 251
Weight: 0.61
Height: 0.65 Width: 6.32 Depth: 8.14
Language: English
* The advent of mutual funds, low-cost brokerages, and the Internet has meant that the stock market is now more transparent, honest, and accessible to the small investor than ever before;
* Federal deficits are bad for the economy, especially, somehow, when they're linked to social spending; and
* Controlling inflation is the most important task of our economic policy. But as economist Ellen Frank shows us, what we know is wrong. Over the past twenty years, Americans have been fed a mash of confusing financial and economic information. This information has distorted popular understanding of how the economy really operates and camouflaged the transformation of economic policy from a tool for improving the living standards of all to a tool for securing the perquisites of those with financial wealth.
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