The Great American Recession resulted in the loss of eight million jobs between 2007 and 2009. More than four million homes were lost to foreclosures. Is it a coincidence that the United States witnessed a dramatic rise in household debt in the years before the recession - that …
"Though the banking crisis captured the public's attention, Mian and Sufi argue strongly with actual data that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit, they show, is disastrously counterproductive when the fundame…
Though the banking crisis captured the public's attention, Mian and Sufi argue strongly that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit is disastrously counterproductive when the fundamental problem is too much debt.…
Though the banking crisis captured the public's attention, Mian and Sufi argue strongly that current policy is too heavily biased toward protecting banks and creditors. Increasing the flow of credit is disastrously counterproductive when the fundamental problem is too much debt.…
Isaac William Martin is Professor of Sociology at the University of California, San Diego. Christopher Niedt is Associate Professor of Sociology atHofstra University.
Isaac William Martin is Professor of Sociology at the University of California, San Diego. Christopher Niedt is Associate Professor of Sociology at Hofstra University.
"From 2007 to 2012, almost five percent of American adults - about ten million people - lost their homes because they could not make mortgage payments. The scale of this home mortgage crisis is unprecedented. The dispossesion and forced displacement of American families affects …
Isaac William Martin is Professor of Sociology at the University of California, San Diego. Christopher Niedt is Associate Professor of Sociology at Hofstra University.
