Wednesday, September 12, 2012

Better Markets

Better Markets released a Report detailing the enormous costs of the financial and economic crisis that began in 2007 and continues to this day. As detailed in the Report, the cost of that crisis is at least $12.8 trillion as measured conservatively by lost GDP. It includes the destruction of human capital from long-term unemployment, lost household wealth, foreclosures, government bailouts, emergency spending measures, and the other actions that were necessary to prevent a second Great Depression. In addition to monetary costs, it details many costs of the crisis that simply cannot be quantified, including the widespread human suffering that has resulted from the surge in poverty, homelessness, and hunger.


No comments:

Post a Comment