The Theft of a Decade
How the Baby Boomers Stole the Millennials' Economic Future
New York : PublicAffairs, [2019]
Format: Book
Edition: First edition.
Description: 278 pages ; 25 cm
A Wall Street Journal columnist delivers a brilliant narrative of the mugging of the millennial generation-- how the Baby Boomers have stolen the millennials' future in order to ensure themselves a comfortable present
The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under another, and the myriad consequences that has set in store for all of us. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents.
Then came the crash of 2008, and the Boomer generation's reaction to it was brutal: politicians and policy makers made deliberate decisions that favored the interests of the Boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy and regulation. For the first time in recent history, policy makers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present.
This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.
The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under another, and the myriad consequences that has set in store for all of us. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents.
Then came the crash of 2008, and the Boomer generation's reaction to it was brutal: politicians and policy makers made deliberate decisions that favored the interests of the Boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy and regulation. For the first time in recent history, policy makers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present.
This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.
Contents:
The young and the workless -- Not our parents' job market -- Human-capital punishment -- Millennius domesticus -- The Saturday-morning bank heist -- Their present, our future -- Millennials in charge -- Epilogue: hiding in plain sight.
Subjects:
Generation Y -- United States -- Social conditions.
Generation Y -- United States -- Economic conditions.
United States -- Economic conditions -- 1945-
United States -- Social conditions -- 1945-
Generation Y -- United States -- Social conditions.
Generation Y -- United States -- Economic conditions.
United States -- Economic conditions -- 1945-
United States -- Social conditions -- 1945-
ISBN:
9781541742369 (hardcover)
Availability | |||
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Call Number | Location | Shelf Location | Status |
SOCIAL SCI Age Group Ste | Main (Downtown) | Third Level, Nonfiction | In |
Includes bibliographical references and index.