House of debt
Book • 2014
In 'House of Debt', Atif Mian and Amir Sufi argue that excessive household debt was a primary cause of the Great Recession.
They contend that current economic policies overly protect banks and creditors, and propose a shift towards risk-sharing debt contracts to prevent future economic downturns.
The book offers insights into how severe recessions occur and how they can be prevented.
They contend that current economic policies overly protect banks and creditors, and propose a shift towards risk-sharing debt contracts to prevent future economic downturns.
The book offers insights into how severe recessions occur and how they can be prevented.
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