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Fubarnomics: A Lighthearted, Serious Look at America's Economic Ills

Robert E. Wright January 23, 2020

Fubarnomics: A Lighthearted, Serious Look at America's Economic Ills Robert E. Wright Ever wonder why we allow six guys in hardhats to stand around doing nothing while traffic snarls Why you can t refinance your home mortgage because other people stopped paying on theirs Why young people in poor paying jobs with small children are forced to pay a large percentage of their incomes to people who had decades to work and save How healthcare and health insuraEver wonder why we allow six guys in hardhats to stand around doing nothing while traffic snarls Why you can t refinance your home mortgage because other people stopped paying on theirs Why young people in poor paying jobs with small children are forced to pay a large percentage of their incomes to people who had decades to work and save How healthcare and health insurance got so expensive If you ve asked yourself any of these or similar questions, or have gotten queasy contemplating what passes for economic analysis in the media, this book is for you FUBAR, an acronym stemming from World War II GI slang, means fouled up or some other F word beyond all recognition To the author, fubarnomics perfectly captures the sorry state of our economy today In this witty, informative, and nonpartisan overview of contemporary economic ills, Wright takes a fresh approach to public policy by finding fault with both the government and the market, and with both Democrats and Republicans The author convincingly shows that major economic trouble has almost always been the result of a hybrid failure, a combination of both bad policy making and marketplace deficiencies He examines contemporary and historical examples of FUBAR across a wide spectrum, from mainstay social institutions such as higher education to cataclysmic national upheavals such as the Great Depression In analyzing our most current crises, he offers unique insights into the recent crippling recession, including the subprime mortgage meltdown, as well as the looming healthcare crisis, and the perennial problem of social security Beyond identifying the major problem areas, the author also offers practical solutions From creating combined life healthcare insurance policies and divorcing healthcare from employers, to government education subsidies for students only, and using long term bonds to pay for private insurance that mimics social security, his suggestions are provocative and creative, and may just solve some of the thorniest problems facing us today.

Fubarnomics: A Lighthearted, Serious Look at America's Economic Ills Robert E. Wright

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    Published :2020-01-23T22:24:38+00:00