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Saturday, December 19th, 2009

Dumb Money: Great Minds Bankrupted a Nation

April 26, 2009 by Lela Davidson  
Filed under Finance

dumb_money

In Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, Daniel Gross paints a cynical picture of of the companies in dispair, the laid off workers, disappearing 401(k)s, and big government bailouts. Gross asserts that we got to the point of financial disaster by running the economy like a huge, pyramid scheme. Gross takes complicated issues and presents them in a way that the rest of us can understand.

Dumb Money picks apart the current crisis and ponders on what the future may hold by a journalist and author who specialized in business history and economics for a popular audience. Gross has written for Slate.com, the New York Times, The New Republic, and has contributed to more than 60 publications. Instead of a business or finance degree, Gross is was educated in American history at Harvard University. And we’re certainly living history right now. If you want to understand the story behind the headlines, get a copy of Dumb Money for the nightstand.

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