A review of Michael Lewis’s new book, Boomerang: Travels in the New Third World, which illuminates the underpinnings of the global financial crisis.
By Claire Lambrecht
Occupy Wall Street protesters are not alone in asking, “How did it come to this?” Frustration about the economy is palpable, and crosses every area code of the political spectrum. Tea Party candidates fill television screens, Libertarians are calling for a return to the gold standard, and Democrats look more anxious than normal at Sunday morning farmers markets. Three years after the financial crisis, we’re still craving a narrative that explains stagnant growth, high unemployment, and median household income has dropped 9.7 percent since December of 2007.
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