The Theft of a Decade
How the Baby Boomers Stole the Millennials' Economic Future
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The Theft of a Decade
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Narrated by:
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Corey Gagne
About this listen
A Wall Street Journal columnist delivers a brilliant narrative of the mugging of the millennial generation - how the baby boomers have stolen the millennials' future in order to ensure themselves a comfortable present
The Theft of a Decade is a contrarian, revelatory analysis of how one generation pulled the rug out from under another and the myriad consequences that has set in store for all of us. The millennial generation was the unfortunate victim of several generations of economic theories that made life harder for them than it was for their grandparents.
Then came the crash of 2008, and the boomer generation's reaction to it was brutal: politicians and policymakers made deliberate decisions that favored the interests of the boomer generation over their heirs, the most egregious being over the use of monetary policy, fiscal policy, and regulation. For the first time in recent history, policymakers gave up on investing for the future and instead mortgaged that future to pay for the ugly economic sins of the present.
This book describes a new economic crisis, a sinister tectonic shift that is stealing a generation's future.
©2019 Joseph C. Sternberg (P)2019 Hachette AudioCritic Reviews
"If you're a Millennial, I strongly recommend this engaging book. It will arm you with all the facts you need about the problems you will face in the labor market, education, housing, and paying down the enormous debt left by your Boomer parents. And after you read it, PLEASE don't forget to vote!" (Isabel Sawhill, senior fellow at The Brookings Institution and author of Forgotten Americans: An Economic Agenda for a Divided Nation)
"Riveting... This is a must-read for cash-strapped millennials seeking to learn precisely how employment, investment, taxation, and the government's social safety net programs have changed drastically over the past generation." (Publishers Weekly)
"The Theft of a Decade shows how the same solutions tried over and over by Republicans and Democrats alike have not worked, and cannot work in the future. Both sides recognize that something has gone terribly wrong in our economy. But so far, neither has been willing to do the hard work of rethinking our approach to everything from education to monetary policy. Joseph Sternberg makes the strong case that we need to offer a new approach to solving our nation's problems, and resist the urge to double down on the failed policies of the past. This should be required reading, not just for millennials, but for all Americans." [Rep. Mike Gallagher (R-WI)]