Permanent Distortion How the Financial Markets Abandoned the Real Economy Forever
Permanent Distortion How the Financial Markets Abandoned the Real Economy Forever
- ISBN 13:
9781541789067
- ISBN 10:
1541789067
- Format: Hardcover
- Copyright: 10/11/2022
- Publisher: PublicAffairs
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Summary
This parting from reality has its roots in an emergency response to the financial crisis of 2008. “Quantitative Easing” injected a vast amount of cash into the economy—especially if you were a major Wall Street bank. What began as a short-term dependency became a habit, then a compulsion, and finally an addiction.
Nomi Prins relentlessly exposes a world fractured by policies crafted by the largest financial institutions, led by the Federal Reserve, that have supercharged the financial system while selling out regular citizens and leading to social and political reckonings. She uncovers a newly polarized world of the mega rich versus the never rich, the winners and losers of an unprecedented distortion that can never return to “normal.”