A critical take on why the American economy is in trouble, how it could have been avoided, and how to regain sound growth.

It is vitally important that the underlying causes of the collapse be fully understood in order that appropriate measures can be taken to bring about a sustainable U.S. recovery and prevent recurrence.

This book provides compelling evidence that, from 1980 on, the following led inexorably to the U.S. financial meltdown:

? Growing US income inequality
? Chinese and other Asian currency-based protectionism and
? Persistently loose Federal Reserve Board monetary policy

Highly disturbing is the fact that neither redressing America?s income inequality nor eliminating its excessive trade deficit is yet adequately recognized as crucial to its recovery. Meanwhile, despite the application of massive monetary and fiscal stimuli, the U.S. economy continues to flounder and a global sovereign debt crisis looms.