LEADER 04498nam 22006615 450 001 9910298512303321 005 20200920115038.0 010 $a1-4939-1092-2 024 7 $a10.1007/978-1-4939-1092-2 035 $a(CKB)3710000000280943 035 $a(EBL)1965019 035 $a(OCoLC)908082953 035 $a(SSID)ssj0001385892 035 $a(PQKBManifestationID)11883461 035 $a(PQKBTitleCode)TC0001385892 035 $a(PQKBWorkID)11349480 035 $a(PQKB)11459090 035 $a(DE-He213)978-1-4939-1092-2 035 $a(MiAaPQ)EBC1965019 035 $a(PPN)183086678 035 $a(EXLCZ)993710000000280943 100 $a20141114d2015 u| 0 101 0 $aeng 135 $aur|n|---||||| 181 $ctxt 182 $cc 183 $acr 200 10$aBubbles, Booms, and Busts$b[electronic resource] $eThe Rise and Fall of Financial Assets /$fby Donald Rapp 205 $a2nd ed. 2015. 210 1$aNew York, NY :$cSpringer New York :$cImprint: Copernicus,$d2015. 215 $a1 online resource (374 p.) 300 $aDescription based upon print version of record. 311 $a1-4939-1091-4 320 $aIncludes bibliographical references and index. 327 $aThe Nature of Manias, Bubbles and Crashes: Introduction -- Value Trading vs. Momentum Trading -- The Rise of Manias and Bubbles -- Stages in the Boom-Bubble-Bust Sequence -- Fueling the Boom - Role of the Media -- Bubbles, Wealth and Inflation -- Speculations, Bootstraps and Swindles -- The Rationality of Investors, Bankers and Experts? -- Monetary Policy and the Federal Reserve System -- Fiscal Policy and Taxes -- Inequality -- Debt -- Deposit Insurance -- Regulation, Deregulation and No Regulation -- Pension Plans -- The Valuation of Common Stocks -- Internal Feedback and Endogenous Risk -- When the Bubble Pops -- A Short History of Booms, Bubbles, and Busts: The New World -- Florida Land Boom of the 1920s -- The Stock Market and the Economy of the 1920s -- The Great Depression of the 1930s -- The Savings and Loan Scandal of the 1980s -- The Bull Market of 1982-1995 -- The Crash of 1987 -- The Dot.Com Mania -- The Debt-Driven Asset Bubble Era of 1982-2013 -- Other Bubbles and Swindles of the late 1990s and 2000s. The Sub-Prime Real Estate Boom 1998-2007 -- The Real Estate Boom of 2013-2014 -- Japan and East Asia -- The Next Bubble. 330 $aThis book deals at some length with the question: Since there are many more poor than rich, why don?t the poor just tax the rich heavily and reduce the inequality? In the 19th century and the first half of the 20th century, the topic of inequality was discussed widely. Ending or reducing inequality was a prime motivating factor in the emergence of communism and socialism. The book discusses why later in the 20th century, inequality has faded out as an issue. Extensive tables and graphs of data are presented showing the extent of inequality in America, as well as globally. It is shown that a combination of low taxes on capital gains contributed to a series of real estate and stock bubbles that provided great wealth to the top tiers, while real income for average workers stagnated. Improved commercial efficiency due to computers, electronics, the Internet and fast transport allowed production and distribution with fewer workers, just as the advent of electrification, mechanization, production lines, vehicles and trains in the 1920s and 1930s produced the same stagnating effect. 606 $aFinance 606 $aPopular works 606 $aMacroeconomics 606 $aFinance, general$3https://scigraph.springernature.com/ontologies/product-market-codes/600000 606 $aPopular Science, general$3https://scigraph.springernature.com/ontologies/product-market-codes/Q00007 606 $aMacroeconomics/Monetary Economics//Financial Economics$3https://scigraph.springernature.com/ontologies/product-market-codes/W32000 608 $aHistory.$2fast 615 0$aFinance. 615 0$aPopular works. 615 0$aMacroeconomics. 615 14$aFinance, general. 615 24$aPopular Science, general. 615 24$aMacroeconomics/Monetary Economics//Financial Economics. 676 $a330 676 $a332 676 $a500 676 $a657.8333 700 $aRapp$b Donald$4aut$4http://id.loc.gov/vocabulary/relators/aut$0302096 906 $aBOOK 912 $a9910298512303321 996 $aBubbles, Booms, and Busts$92537764 997 $aUNINA