Silent depression : the fate of the American dream

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Silent depression : the fate of the American dream

Wallace C. Peterson

W.W. Norton, c1994

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Includes bibliographical references and index

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Description

1973 marked a downturn for the American economy, as Wallace C. Peterson discusses in this book. The cumulative effect is, he argues, a "silent depression". Although the 1929 Crash won't be repeated - safeguards in place since the 1930s should prevent that - the American Dream is nevertheless at risk. The slowdown in productivity figures prominently as a reason for the Depression, but so do the problems of the shrinking middle class, the poor and the American family. The book suggests new proposals for health care, education and a revision of the tax system that should help speed the recovery.

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