Rebound: Why America Will Emerge Stronger from the Financial Crisis
Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years to debunk myths about declining middle class incomes, burger-flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of “brilliant idiocy” to show how...
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Rebound takes the currently unthinkable view that the economy will bounce back faster and stronger from the downturn than most economists expect. Noted Labor economist Stephen J. Rose amasses data on the economic performance of America over the last 30 years to debunk myths about declining middle class incomes, burger-flipping jobs and global competition. He also describes the evolution of the financial crisis and mortgage lending implosion under the rubric of “brilliant idiocy” to show how the investors, financial firms, and regulators all made devastating mistakes in pursuit of quick gains.The book argues forcefully that simple financial regulation and forthcoming investments in education, health care and energy will pay quick and healthy dividends. Using economic analysis rather than partisan argument, Rebound cuts through the clutter of political debate to show how the economy will return to high growth rates. The Washington Post - Michael A. Fletcher …Rose does not adhere to convention, and for that reason alone his book is worth reading even if you are likely to disagree with his conclusions. And he marshals an impressive array of data and arguments to support his provocative case…Rebound is not a stylish book. Rose makes his case for what has happened to Main Street in workmanlike prose punctuated by the occasional chart. Yet he succeeds in providing an easy-to-understand view of American economic trends and clear explanations of some of the alphabet soup of financial instruments that helped sink the economy that he says will rise again.
\ Michael A. Fletcher…Rose does not adhere to convention, and for that reason alone his book is worth reading even if you are likely to disagree with his conclusions. And he marshals an impressive array of data and arguments to support his provocative case…Rebound is not a stylish book. Rose makes his case for what has happened to Main Street in workmanlike prose punctuated by the occasional chart. Yet he succeeds in providing an easy-to-understand view of American economic trends and clear explanations of some of the alphabet soup of financial instruments that helped sink the economy that he says will rise again.\ —The Washington Post\ \
