House of Debt
How They Caused the Great Recession, and How We Can Prevent It from Happening Again
in:
Economics
Summary:
The book examines the causes of the Great Recession, emphasizing the role of household debt and the banking sector in triggering the economic downturn. It proposes policy solutions to mitigate the impact of similar crises in the future, focusing on debt restructuring and financial reforms to prevent excessive borrowing and lending.
Key points:
1. Leverage Cycle: Mian and Sufi believe the Great Recession was caused by households borrowing too much. When house prices dropped, spending decreased, leading to the recession.
Books similar to "House of Debt":
Endgame
John Mauldin|Jonathan Tepper
This Time Is Different
Carmen M. Reinhart|Kenneth S. Rogoff
Financial Reckoning Day
William Bonner|Addison Wiggin
The Return of Depression Economics and the Crisis of 2008
Paul Krugman
Meltdown
Thomas E. Woods
Contagion
John R. Talbott
After the Music Stopped
Alan S. Blinder
Hall of Mirrors
Barry Eichengreen
The Rise and Fall of Nations
Ruchir Sharma
Leveraged
Moritz Schularick