Plunder and Blunder

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The book delves into the rise and fall of stock and housing bubbles, attributing their collapse to policy changes since 1980. Dean Baker asserts that the warning signs of the housing bubble were evident to competent economists, yet policymakers and the media ignored these alerts. Rather than relying on hindsight, he provides a thorough analysis of how these policy shifts destabilized the economy and compromised post-war prosperity. The work aims to educate readers on preventing future financial disasters through a clear understanding of past mistakes.