Fubarnomics A Lighthearted Serious Look At Americas Economic Ills Robert E Wright by Robert E. Wright 9781616141812 instant download after payment.

ver wonder why so many college students spend more time working and partying than studying? Why we allow six guys in hardhats to stand around doing nothing while traffic snarls? Why you have to pay thousands of dollars for "title insurance" if you buy a house that's not located in Iowa? Why you can't refinance your home mortgage because other people stopped paying on theirs?1 Why our forebears enslaved millions of people for a couple of centuries, then to end the institution fought a war so costly and bloody it would have been far cheaper to buy and free the slaves instead? How in the early 1930s one out of four adults went hungry as they searched for work while the government destroyed large quantities of food? Why ever since then young people in lousy 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 damn expensive? If you've asked yourself any of these or similar questions, or gotten queasy contemplating what passes for economic analysis in the media, this book is for you.

In terms of the actual value of stuff and services that the average American produces in a year (in the language of economists, real per capita gross domestic product), the US economy is among the best in the world and has been for two centuries. Since World War II, American labor productivity (the inflation-adjusted value of output per hour worked) has more than trebled.' It may seem strange to call such an economy FUBAR, an acronym apparently coined by the salty tongues of GIs during World War II that stands for fouled (ahem!) up beyond all recognition. Compared to most other national economies, the US economy is a clear winner. But its success is relative, not absolute, because even the American juggernaut finds itself weighted down by inefficient institutions and sagging sectors. This book discusses some of those ugly spots and, in the final chapter, proffers some tentative&nbs