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The Post-Catastrophe Economy: Rebuilding After the Great Collapse of 2008

The Post-Catastrophe Economy: Rebuilding After the Great Collapse of 2008

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How government and business can work together to secure our economic futureHow bad will the current recession get? According to Eric Janszen, by late 2009 we could face unemployment over 10 percent; half of all retail stores boarded up; skeletons of unfinished buildings in our cities; and tax revenues down by 30 percent, leading to big cuts in government services. Meanwhile, inflation will keep rising as the Fed is forced to devalue the dollar because foreign countries won?t lend to us anymore. Sounds grim, but the good news is that this crisis will open the door to a saner economic future if we recognize the opportunity to correct decades of bad policy. America can wean itself from the debt-financed growth of the past thirty years and restructure to grow based on old-fashioned savings and investment. Janszen shows that the key is not more big government, but deploying our unique capacity for innovation through private-public partnerships. He calls for a modern New Deal that develops twenty-first century industries such as biotechnology, alternative energy, and nanotechnology. And he shows how our financial markets can adapt to make it happen. This will be an essential book for everyone struggling to understand our current predicament.