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Type: BOOK - Published: 2011-01-03 - Publisher: Princeton University Press

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The story of personal debt in modern America Before the twentieth century, personal debt resided on the fringes of the American economy, the province of small-t
The United States as a Debtor Nation
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The United States has once again entered into a period of large external imbalances. This time the current account deficit, at nearly 6 percent of GDP in 2004,
Debtor Nation
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Authors: Louis Hyman
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Before the twentieth century, personal debt resided on the fringes of the American economy, the province of small-time criminals and struggling merchants. By th
Lost Decades: The Making of America's Debt Crisis and the Long Recovery
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A clear, authoritative guide to the crisis of 2008, its continuing repercussions, and the needed reforms ahead. The U.S. economy lost the first decade of the tw
The United States as a Debtor Nation
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The United States has once again entered into a period of large external imbalances. This study examines whether the large and growing currentaccount deficit is