This timely and important book takes a serious view of our
current economic situation. The author's conclusions differ from
the conventional wisdom, which suggests that the manufacturing
sector is regaining much of its dominance as a result of the
declining dollar, that exports will take over as a major source of
economic growth, that a recession is unlikely, and that a
depression is no longer possible. Indeed, she outlines many
similarities between the excesses of the 1980s and those of the
1920s which led to the Great Depression. The author provides
convincing evidence that the recent economic recovery may only have
provided a smokescreen for the continued deterioration of the U.S.
economy.
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