Author(s): Roger Bootle
This volume examines the consequences of the zero era for the housing market, for the world of investment, for consumers and for business. Lambasting the conventional wisdom in economics, this book concludes that the zero era holds out both great promise and great peril. On the positive side, there are the advantages of lower interest rates and the clarity brought by the end of the confusion created by inflation. On the negative side, when the system is riddled with debt and uprepared for anything except prices continually rising, there is the danger of deflation.
1996. First edition. A fine, unmarked copy in a near fine, unclipped d/w.