Unintended Consequences

Author: Edward Conard
Publisher: Penguin
ISBN: 1101602589
Format: PDF, Kindle
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In the aftermath of the Financial Crisis, many com­monly held beliefs have emerged to explain its cause. Conventional wisdom blames Wall Street and the mortgage industry for using low down pay­ments, teaser rates, and other predatory tactics to seduce unsuspecting home owners into assuming mortgages they couldn't afford. It blames average Americans for borrowing recklessly and spend­ing too much. And it blames the tax policies and deregulatory environment of the Reagan and Bush administrations for encouraging reckless risk taking by wealthy individuals and financial institutions. But according to Unintended Consequences, the conventional wisdom masks the real causes of our economic disruption and puts us at risk of facing a slew of unintended-and potentially dangerous-consequences.

Unintended Consequences

Author: Edward Conard
Publisher: Portfolio Trade
ISBN: 9781591846307
Format: PDF, ePub, Docs
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Presents a counterintuitive assessment of the financial crisis to identify what the author believes were its actual causes, outlining recommended changes for strengthening the nation's economy.

Unintended Consequences

Author: Edward Conard
Publisher: Portfolio (Hardcover)
ISBN: 9781591845508
Format: PDF, ePub, Docs
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Presents a counterintuitive assessment of the financial crisis to identify what the author believes were its actual causes, outlining recommended changes for strengthening the nation's economy.

The Upside of Inequality

Author: Edward Conard
Publisher: Penguin
ISBN: 1595231234
Format: PDF, ePub, Mobi
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The scourge of America s economy isn't the success of the 1 percent quite the opposite. The real problem is the government s well-meaning but misguided attempt to reduce the payoffs for success. Four years ago, Edward Conard wrote a controversial bestseller, Unintended Consequences, which set the record straight on the financial crisis of 2008 and explained why U.S. growth was accelerating relative to other high-wage economies. He warned that loose monetary policy would produce neither growth nor inflation, that expansionary fiscal policy would have no lasting benefit on growth in the aftermath of the crisis, and that ill-advised attempts to rein in banking based on misplaced blame would slow an already weak recovery. Unfortunately, he was right. Now he s back with another provocative argument: that our current obsession with income inequality is misguided and will only slow growth further. Using fact-based logic, Conard tracks the implications of an economy now constrained by both its capacity for risk-taking and by a shortage of properly trained talent rather than by labor or capital, as was the case historically. He uses this fresh perspective to challenge the conclusions of liberal economists like Larry Summers and Joseph Stiglitz and the myths of crony capitalism more broadly. Instead, he argues that the growing wealth of most successful Americans is not to blame for the stagnating incomes of the middle and working classes. If anything, the success of the 1 percent has put upward pressure on employment and wages. Conard argues that high payoffs for success motivate talent to get the training and take the risks that gradually loosen the constraints to growth. Well-meaning attempts to decrease inequality through redistribution dull these incentives, gradually hurting not just the 1 percent but everyone else as well. Conard outlines a plan for growing middle- and working-class wages in an economy with a near infinite supply of labor that is shifting from capital-intensive manufacturing to knowledge-intensive, innovation-driven fields. He urges us to stop blaming the success of the 1 percent for slow wage growth and embrace the upside of inequality: faster growth and greater prosperity for everyone. "

A Nation of Takers

Author: Nicholas Eberstadt
Publisher: Templeton Foundation Press
ISBN: 1599474360
Format: PDF, ePub
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In A Nation of Takers: America’s Entitlement Epidemic, one of our country’s foremost demographers, Nicholas Eberstadt, details the exponential growth in entitlement spending over the past fifty years. As he notes, in 1960, entitlement payments accounted for well under a third of the federal government’s total outlays. Today, entitlement spending accounts for a full two-thirds of the federal budget. Drawing on an impressive array of data and employing a range of easy- to- read, four color charts, Eberstadt shows the unchecked spiral of spending on a range of entitlements, everything from medicare to disability payments. But Eberstadt does not just chart the astonishing growth of entitlement spending, he also details the enormous economic and cultural costs of this epidemic. He powerfully argues that while this spending certainly drains our federal coffers, it also has a very real,long-lasting, negative impact on the character of our citizens. Also included in the book is a response from one of our leading political theorists, William Galston. In his incisive response, he questions Eberstadt’s conclusions about the corrosive effect of entitlements on character and offers his own analysis of the impact of American entitlement growth.

Human Capitalism

Author: Brink Lindsey
Publisher: Princeton University Press
ISBN: 1400846218
Format: PDF, Kindle
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What explains the growing class divide between the well educated and everybody else? Noted author Brink Lindsey, a senior scholar at the Kauffman Foundation, argues that it's because economic expansion is creating an increasingly complex world in which only a minority with the right knowledge and skills--the right "human capital"--reap the majority of the economic rewards. The complexity of today's economy is not only making these lucky elites richer--it is also making them smarter. As the economy makes ever-greater demands on their minds, the successful are making ever-greater investments in education and other ways of increasing their human capital, expanding their cognitive skills and leading them to still higher levels of success. But unfortunately, even as the rich are securely riding this virtuous cycle, the poor are trapped in a vicious one, as a lack of human capital leads to family breakdown, unemployment, dysfunction, and further erosion of knowledge and skills. In this brief, clear, and forthright eBook original, Lindsey shows how economic growth is creating unprecedented levels of human capital--and suggests how the huge benefits of this development can be spread beyond those who are already enjoying its rewards.

Stealing America s Future

Author: William Steiner
Publisher: Dog Ear Publishing
ISBN: 1608444244
Format: PDF, ePub
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Stealing America's Future makes a comparison of today's America to late 19th Century Europe using two rare books, The Conventional Lies of our Civilization by Nordau, describing Europe's elitist leadership, and The Soviets at Work by Lenin, outlining the Russian Revolution as it took place. Not a part of the discussion of history, both provide frightening detail about the nuances of the geopolitics of Europe, circa 1900, that relate to today's America. Using heartwarming family stories, humorous anecdotes, incisive criticism, and cold factual analysis, it describes how progressive liberalism, with its attempts at social engineering and excessive permissiveness, has brought social and economic disaster to America. David Letterman relating to Sarah Palin "I fear he sees her as more man than he will ever be and more woman than he will ever get." Bill Maher relating to Michelle Obama ..".my only conclusion about Maher is that he is just another angry little bully who is fearful of powerful women..." Is it time to separate the North American Continent into a federation of smaller component nations better reflecting the economics and ethos of these individual component nations, yet having our common defense as the only connection or do we need to get back to the Constitution our founders gave to us? Raised in a poor farm family in Pawnee County, Nebraska, Dr. Steiner had the ethics of hard work and family values as his primary guide post to succeed. Working his way through college and graduating from the University of Nebraska in 1973, he located his dental practice in an economically impacted area of Omaha, Nebraska where he also worked in a public health clinic, developing insights with regard to what motivates people. He is a pilot and an accomplished martial artist, attaining several black belts. He was featured in a Sun-Up Interview by the Omaha World Herald's, Robert McMorris, and was also featured in an interview by William Rush in the League of Human Dignity paper, where Sensei Steiner outlined his martial arts training strategies for handicapped persons. He was called by Charles Kuralt to panel a discussion of the Gulf Crisis for CBS News before the Gulf War.

Aftermath

Author: Thomas E. Hall
Publisher: Cato Institute
ISBN: 1939709393
Format: PDF, Mobi
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Government policies created for one set of purposes almost always generate additional results that were not part of the original plan. Very often these unintended consequences are seriously adverse, and in some cases are so severe as to render the policy a failure. In Aftermath, noted economist Thomas Hall examines four major instances of significant unintended consequences, all of them negative, resulting from major public policies: the federal income tax, cigarette taxes, minimum wage laws, and alcohol prohibition. Each widespread, well known policy was instituted as a positive measure, but almost immediately gave rise to enormously damaging consequences and harmful side effects. What were these terrible consequences? Hall demonstrates how these policies played a significant role in creating America’s vast welfare state, criminal activities, a bloated government hungry for more revenue, smuggling, a scarcity of jobs for teenagers and the working poor, corrupt public officials, overcrowded prisons, and much more. Not exactly what the originators had foreseen. Hall’s exploration of these four iconic policies offers powerful optics for examining current and proposed policies, and he provides an overview of the new and emerging consequences of the Affordable Care Act, the Dodd-Frank Act, and the war on drugs. With the pace of government policymaking continuing unabated, Hall’s insights on how to examine and minimize the potential outcomes of bureaucratic activity before they can potentially harm the pubic—in ways not intended or anticipated—are more necessary and vital than ever before.

Why Things Bite Back

Author: Edward Tenner
Publisher: Vintage
ISBN: 0679747567
Format: PDF, ePub, Mobi
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Explores the irony of progress in technology, including how advances in medicine, mechanics, transportation, and computers have had natural regressive consequences for society and the economy

The End of Advertising

Author: Andrew Essex
Publisher:
ISBN: 0399588515
Format: PDF, Mobi
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"One of the most successful admen of recent years throws down the ultimate challenge to his profession: innovate or perish. The ad apocalypse is upon us. Today millions are downloading ad-blocking software, and still more are paying subscription premiums to avoid ads. This $600 billion industry is now careening toward outright extinction, after having taken for granted a captive audience for too long, leading to lazy, overabundant, and frankly annoying ads. Make no mistake, Madison Avenue: Advertising as we know it is over. In this short, bound-to-be controversial manifesto, Essex offers both a wake-up call and a road map to the future. With trenchant wit and razor-sharp insights, he presents an essential new vision of where the smart businesses could be headed, to the cheers of advertisers and consumers alike"--