The Wall Street Bailout: A View of The Rigged Game: Corporate America and a People Betrayed

In 2005, the author pointed out that the policies of George W. Bush continued to redistribute income and wealth from the lower classes to the upper classes. As for the result, Mr. Hively wrote,

“This suggests that when the next bust cycle occurs, the Federal Reserve will need to lower short-term interest rates to somewhere in the vicinity of zero or into the negative range in order to offset the continuous weakening of the demand sector.”

It seems like we’re getting very close to this. The author also warned of a then impending housing bubble and the crisis it would likely bring about.

This is your book if you want to understand what is going on today. It is practical, realistic economics, radically different from what I got in economics courses and out of newspapers like the Wall Street Journal. On a scale of one to five, I’d give it four and a half.