The Age of Oversupply

The Age of Oversupply offers a bold, fresh approach to fixing our economic woes. It argues that a global labor glut, excess productive capacity, and a rising ocean of cheap capital have kept the Western economies mired in underemployment and anemic growth. This bold call to arms shows how to fix the West’s economic troubles through large-scale fiscal stimulus measures, investments in infrastructure, and an aggressive private debt reduction plan. It also delivers a vigorous challenge to proponents of austerity economics.