In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.

The 2008 financial crisis—like the Great Depression—was a world-historical event. What caused it will be debated for years, if not generations. The conventional narrative is that the financial crisis was caused by Wall Street greed and insufficient regulation of the financial system. That narrative produced the Dodd-Frank Act, the most comprehensive financial-system regulation since the New Deal. There is evidence, however, that the Dodd-Frank Act has slowed the recovery from the recession. If insufficient regulation caused the financial crisis, then the Dodd-Frank Act will never be modified or repealed; proponents will argue that doing so will cause another crisis. A competing narrative about what caused the financial crisis has received little attention. This view, which is accepted by almost all Republicans in Congress and most conservatives, contends that the crisis was caused by government housing policies. This book extensively documents this view. For example, it shows that in June 2008, before the crisis, 58 percent of all US mortgages were subprime or other low-quality mortgages. Of these, 76 percent were on the books of government agencies such as Fannie Mae and Freddie Mac. When these mortgages defaulted in 2007 and 2008, they drove down housing prices and weakened banks and other mortgage holders, causing the crisis. After this book is published, no one will be able to claim that the financial crisis was caused by insufficient regulation, or defend Dodd-Frank, without coming to terms with the data this book contains.

A New York Times bestseller! Who’s really to blame for America’s catastrophic financial meltdown and devastating national recession? Contrary to what the “Occupy Movement” might tell you, it’s not just greedy Wall Street executives (though they certainly earned their share of scorn). It’s not just failed regulation (even though Washington has failed miserably, both Republicans and Democrats, to protect us). As one of America’s top financial professionals reveals in this shocking new book, the failures of Wall Street and Washington have opened us up to economic warfare, with our foreign enemies exploiting our lurking financial weaknesses. In Secret Weapon, Kevin D. Freeman unveils how all the evidence—including motive, means, and opportunity—points to America’s foreign enemies as deliberately pushing our economy over the brink.

This landmark collection of eyewitness accounts, memoirs, documents and writings on the Nazi Holocaust provides unparalleled insight into the darkest chapter in human history. Finally in paperback, with a new foreword and several new essays, CAN IT HAPPEN AGAIN? is a comprehensive volume of documents from eyewitnesses, participants and our most eminent writers, journalists and scholars on the Holocaust. Contributors include Elie Wiesel, Anne Frank, Primo Levi, Albert Speer, Art Spiegelman, Thomas Keneally, Abraham Foxman, Arthur Koestler, George Orwell-and Adolf Hitler himself. Included in this edition are recent selections touching upon the horrors in Cambodia, the Wounded Knee massacre, the dilemma posed by Nazi war criminals and a portfolio of artwork by Si Lewen, a Polish artist whose work reflects the pain and inhumanity of the Nazi camps.

In the winter of 1933, the American financial and economic system collapsed. Since then economists, policy makers and financial analysts throughout the world have been haunted by the question of whether "It" can happen again. In 2008 "It" very nearly happened again as banks and mortgage lenders in the USA and beyond collapsed. The disaster sent economists, bankers and policy makers back to the ideas of Hyman Minsky – whose celebrated 'Financial Instability Hypothesis' is widely regarded as predicting the crash of 2008 – and led Wall Street and beyond as to dub it as the 'Minsky Moment'. In this book Minsky presents some of his most important economic theories. He defines "It", determines whether or not "It" can happen again, and attempts to understand why, at the time of writing in the early 1980s, "It" had not happened again. He deals with microeconomic theory, the evolution of monetary institutions, and Federal Reserve policy. Minsky argues that any economic theory which separates what economists call the 'real' economy from the financial system is bound to fail. Whilst the processes that cause financial instability are an inescapable part of the capitalist economy, Minsky also argues that financial instability need not lead to a great depression. This Routledge Classics edition includes a new foreword by Jan Toporowski.

Flying on Northwest Airlines in mid-2004, journalist and writer Jacobsen (WomensWallStreet.com) decided that a group of Middle Eastern men were acting suspiciously, apparently because the men were talking to each other, were using the bathroom too much, and because of the "cold, defiant look" she reports she got from one with whom she had earlier "exchanged friendly words." When she and her husband shared her concerns with a flight attendant, she writes, she was told that Federal Air Marshals were on the plane and that they were on top of the situation. Although she was later told by investigators that the men were in fact 14 Syrian musicians backing up a well-known Middle Eastern singer (the "Syrian Wayne Newton"), Jacobsen remained convinced that the men were part of a terrorist plot conducting "probes" of American aviation. She wrote up her suspicions for an article that caused a brief Internet sensation: it was publicized by such right-wing writers and proponents of racial profiling as Michelle Malkin and generally greeted with rolling eyes and chortles by those more on the center and left. She has since parlayed the original article into a continuing series on WomensWallStreet.com, much of which has now been distilled into this book, which contains the original article, descriptions of her testimony before Congress, an account of her (not particularly thorough) "investigation" into the Syrian musicians, and a condemnation of government failure to address the issue. Annotation :2006 Book News, Inc., Portland, OR (booknews.com).

“Refreshingly candid . . . Get off Instagram and read this book.” —Sacha Baron Cohen From the dynamic head of ADL, an impassioned argument about the terrifying path that America finds itself on today—and how we can save ourselves. It’s almost impossible to imagine that unbridled hate and systematic violence could come for us or our families. But it has happened in our lifetimes in Europe, the Middle East, Africa, and Asia. And it could happen here. Today, as CEO of the storied ADL (the Anti-Defamation League), Jonathan Greenblatt has made it his personal mission to demonstrate how antisemitism, racism, and other insidious forms of intolerance can destroy a society, taking root as quiet prejudices but mutating over time into horrific acts of brutality. In this urgent book, Greenblatt sounds an alarm, warning that this age-old trend is gathering momentum in the United States—and that violence on an even larger, more catastrophic scale could be just around the corner. But it doesn’t have to be this way. Drawing on ADL’s decades of experience in fighting hate through investigative research, education programs, and legislative victories as well as his own personal story and his background in business and government, Greenblatt offers a bracing primer on how we—as individuals, as organizations, and as a society—can strike back against hate. Just because it could happen here, he shows, does not mean that the unthinkable is inevitable.