Myths and misunderstandings about what happened in the Great Recession continue to hinder the American economy by making us afraid of the one thing we need most: more homes.
Remember when mania led to a massive housing bubble? When Americans found themselves saddled with too many houses and were hit with the reality that our economy had been built on unsustainable borrowing? Everyone knows about that, right?
What if that was wrong? What if, when we get down to brass tacks, Americans have been struggling to build enough new housing--especially in places where housing is in high demand--and this was true, even in 2005?
Viewing the economic calamities of the twenty-first century with this central insight turns the conventional wisdom about our economic challenges upside down. The need for more homes has been the core cause of American economic instability and stagnation. Building from the Ground Up
will guide you to a sweeping new perspective about the Great Recession and the financial crisis, which points to a brighter path for America's economic potential.Author:
Post Hill PressPublished:
9.00h x 6.00w x 0.70dISBN:
About the Author
Kevin Erdmann is the author of Shut Out: How a Housing Shortage Caused the Great Recession and Crippled Our Economy. His work has appeared in the Wall Street Journal, the National Review, US News, Politico, on C-SPAN, and at the Mercatus Center.