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Beyond Our Means: How America's Long Years of Debt, Deficits, and Reckless Borrowing Now Threaten to Overwhelm Us

Malabre, Alfred

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ISBN 10: 0394543459 / ISBN 13: 9780394543451
Verlag: Random House, Westminster, Maryland, U.S.A., 1987
Gebraucht Zustand: Fine Hardcover
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0394543459 Near Fine Quality, Value, Experience. Media Shipped in New Boxes. Buchnummer des Verkäufers FEB486

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Bibliografische Details

Titel: Beyond Our Means: How America's Long Years ...

Verlag: Random House, Westminster, Maryland, U.S.A.

Erscheinungsdatum: 1987

Einband: Hardcover


Zustand des Schutzumschlags: Near Fine

Auflage: First Edition.

Über diesen Titel


Discusses how the national debt arose and doubled within the last five years and what this means to the nation and the individual

From Publishers Weekly:

The American economy is heading toward collapse, warns Wall Street Journal economist Malabre ( America's Dilemma, Understanding the Economy et al.). Although each is $35,000 in debt, Americans in the aggregate nevertheless consume yearly a million pounds of caviar, pay industrial workers far more than their competitors earn abroad and reward executives with "outrageous" salaries. Worse, shows the author, with the "hokum" of supply-side Reaganomics, consumer debt, government budget deficits, Third-World risk to U.S. lender banks and "junk bond" erosion of corporate equity continue to increase, while the rate of personal saving needed to finance no-longer competitive American industry lags at one or two percent (as compared to 20% in Japan). Corporate borrowing is sometimes equal to the entire market value of a company's shares. Economic disaster worldwide is an imminent possibility, cautions Malabre, but he sees a 50/50 chance of strong government remedial regulation and debt reduction by fiat to put us where we thought we were while living beyond our means.
Copyright 1987 Reed Business Information, Inc.

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