
Financing Opportunity
How Financial Markets Have Fueled American Prosperity for More than Two Centuries
- 200 pages
- English
- ePUB (mobile friendly)
- Available on iOS & Android
Financing Opportunity
How Financial Markets Have Fueled American Prosperity for More than Two Centuries
About this book
Financial markets have fueled American prosperity for more than two centuries, so why are they often distrusted and criticized as harmful?
The United States has had robust financial markets practically from the date the nation was founded. Within several years of ratifying the Constitution, the depth and breadth of America's banking and securities markets rivaled those of any other developed nation. And that's a good thing.
America's financial system is inseparable from America's enormous growth, productivity, and prosperity. And while it's become popular to lay a host of ills at the feet of financial markets, markets are not themselves the cause of financial instability, income stagnation, or declining investment in productive endeavors. While our system is not perfect, many people would likely be shocked to learn just how many financial market deficiencies have been caused by harmful government policies.
By providing historical context and a thorough yet easily accessible explanation of US financial markets, authors Norbert Michel and Jennifer Schulp provide a much-needed counterpoint to current debates and criticisms. Financing Opportunitynot only busts many popular myths about financial markets but also proposes ways to improve how our financial markets function. With financial markets and American opportunity so closely tied, financial policy is vital to supporting growth, productivity, and prosperity.
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Information
Table of contents
- Chapter 1 Introduction
- Chapter 2 Historical Overview of US Financial Markets
- Chapter 3 Overview of Modern Financial Markets
- Chapter 4 Financial Market Critics (Still) Miss the Mark
- Chapter 5 Overview of Modern Financial Regulation
- Chapter 6 Correcting the Deregulation Myth of the 2008 Financial Crisis
- Chapter 7 A Better Approach to Financial Regulation
- Acknowledgments
- Notes
- Index
- About the Authors