"This book explains what happened and why and takes a look at the long-term consequences. Included are public policy responses and the role of the Federal Reserve; additional policy recommendations for the commercial real estate and housing sectors; scenarios for what may occur and what the impacts will be; and a discussion of the new financial era to come." --Book Jacket.
Throughout the Western world, a whole generation is being priced out of the housing market. For millions of people, particularly millennials, the basic goal of acquiring decent, affordable accommodation is a distant dream. Leading economist Josh Ryan-Collins argues that to understand this crisis, we must examine a crucial paradox at the heart of modern capitalism. The interaction of private home ownership and a lightly regulated commercial banking system leads to a feedback cycle. Unlimited credit and money flows into an inherently finite supply of property, which causes rising house prices, declining home ownership, rising inequality and debt, stagnant growth and financial instability. Radical reforms are needed to break the cycle. This engaging and topical book will be essential reading for anyone who wants to understand why they can’t find an affordable home, and what we can do about it.
Why are house prices in many advanced economies rising faster than incomes? Why isn’t land and location taught or seen as important in modern economics? What is the relationship between the financial system and land? In this accessible but provocative guide to the economics of land and housing, the authors reveal how many of the key challenges facing modern economies - including housing crises, financial instability and growing inequalities - are intimately tied to the land economy. Looking at the ways in which discussions of land have been routinely excluded from both housing policy and economic theory, the authors show that in order to tackle these increasingly pressing issues a major rethink by both politicians and economists is required.
Recounts the fascinating saga of how policymakers and planners at both the national and local levels responded to the formidable demand for housing and massive urban growth.
The Crisis of Catiline situates students in Rome in 63 BCE during a time of urban and rural tumult, economic instability, sensational trials, and electoral misconduct. Lucius Sergius Catilina (or "Catiline"), a charismatic and scandal-plagued noble, has proposed radical reforms that are favored by the urban and rural poor. But he is despised and feared by the senatorial elites who have placed their hopes in the hands of an immigrant to Rome, the brilliant orator Marcus Tullius Cicero. Assuming the roles of Roman senators who are either for, against, or undecided about Catiline's and Cicero's viewpoints, students must confront the social and political crises of the day by choosing the fates of Rome and its historical characters. Can they lead Rome out of crisis? Or will the political and economic climate lead to Rome's collapse?
The Congressional Record is the official record of the proceedings and debates of the United States Congress. It is published daily when Congress is in session. The Congressional Record began publication in 1873. Debates for sessions prior to 1873 are recorded in The Debates and Proceedings in the Congress of the United States (1789-1824), the Register of Debates in Congress (1824-1837), and the Congressional Globe (1833-1873)
