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The Theft of a Decade
- How the Baby Boomers Stole the Millennials' Economic Future
- Narrated by: Corey Gagne
- Length: 9 hrs and 50 mins
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Publisher's summary
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.
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Critic 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)]
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By: Arthur C. Brooks
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Debunk This!
- Shattering Liberal Lies
- By: Matt Palumbo
- Narrated by: Josh Goodman
- Length: 5 hrs and 28 mins
- Unabridged
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Countless studies have proven that over 90 percent of Trump-related news coverage is negative, and the percentage of journalists that identify as Republicans are in the single digits. When liberals are running the show, you can bet that their narrative has gone unchallenged. If you tell a lie long enough, people will begin to believe it, and that’s certainly the case with so many liberal myths that have become accepted as conventional wisdom.
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you still need to read it
- By David Markland on 10-16-19
By: Matt Palumbo
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50 Economics Classics
- Your Shortcut to the Most Important Ideas on Capitalism, Finance, and the Global Economy
- By: Tom Butler-Bowdon
- Narrated by: John Chancer
- Length: 15 hrs and 22 mins
- Unabridged
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Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism, and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's best-seller Capital in the Twenty-First Century, here are the great books and seminal ideas, clarified and illuminated for all.
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Why Save the Bankers?
- And Other Essays on Our Economic and Political Crisis
- By: Thomas Piketty, Seth Ackerman - translator
- Narrated by: LJ Ganser
- Length: 5 hrs and 1 min
- Unabridged
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Thomas Piketty's work has proved that unfettered markets lead to increasing inequality. Without meaningful regulation, capitalist economies will concentrate wealth in an ever smaller number of hands. Armed with this knowledge, democratic societies face a defining challenge: fending off a new aristocracy. For years Piketty has wrestled with this problem in his monthly newspaper column, which pierces the surface of current events to reveal the economic forces underneath.
By: Thomas Piketty, and others
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A Crisis Wasted
- Barack Obama's Defining Decisions
- By: Reed Hundt
- Narrated by: Jason Culp
- Length: 12 hrs and 3 mins
- Unabridged
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This book is the compelling story of President Obama’s domestic policy decisions made between September 2008 and his inauguration on January 20, 2009. Unlike all other presidents except Abraham Lincoln - who decided not to allow slavery to expand westward before he was sworn in - Barack Obama determined the fate of his presidency before he took office. The results of these fateful decisions led to Donald Trump taking his place eight years later. This book describes how and why these decisions were made, and discusses whether the outcomes could have been different.
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Somewhat complicated, not audiobook material
- By Mariana Nolasco on 09-20-20
By: Reed Hundt
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A Capitalism for the People
- Recapturing the Lost Genius of American Prosperity
- By: Luigi Zingales
- Narrated by: Jonathan Davis
- Length: 11 hrs and 20 mins
- Unabridged
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Born in Italy, University of Chicago economist Luigi Zingales witnessed firsthand the consequences of high inflation and unemployment - paired with rampant nepotism and cronyism - on a country’s economy. This experience profoundly shaped his professional interests, and in 1988 he arrived in the United States, armed with a political passion and the belief that economists should not merely interpret the world, but should change it for the better.
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Enjoyable but a tad predictable.
- By Kevin on 12-24-12
By: Luigi Zingales
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American Dreams
- Restoring Economic Opportunity for Everyone
- By: Marco Rubio
- Narrated by: Ricardo Suri
- Length: 6 hrs and 18 mins
- Unabridged
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Marco Rubio's parents came to the United States in 1956. The country they found was truly a land of opportunity, where hardworking people with grade school educations could afford a home, a car, and college for their kids. A country where maids and bartenders could raise doctors, lawyers, small-business owners, and maybe even a US senator. That was the American Dream - our country's central promise to its people.
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Comprehensive and compelling path for renewal.
- By gary on 06-03-15
By: Marco Rubio
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The Great Reversal
- How America Gave Up on Free Markets
- By: Thomas Philippon
- Narrated by: Walter Dixon
- Length: 10 hrs and 1 min
- Unabridged
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Why are cellphone plans so much more expensive in the United States than in Europe? It seems a simple question. But the search for an answer took Thomas Philippon on an unexpected journey through some of the most complex and hotly debated issues in modern economics. Ultimately, he reached a surprising conclusion: American markets, once a model for the world, are giving up on healthy competition.
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Eye-opening, but better as a book - a must-READ
- By Ash on 11-29-19
By: Thomas Philippon
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The End of Normal
- The Great Crisis and the Future of Growth
- By: James K. Galbraith
- Narrated by: L. J. Ganser
- Length: 9 hrs and 27 mins
- Unabridged
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The years since the Great Crisis of 2008 have seen slow growth, high unemployment, falling home values, chronic deficits, a deepening disaster in Europe - and a stale argument between two false solutions, “austerity” on one side and “stimulus” on the other. Both sides and practically all analyses of the crisis so far take for granted that the economic growth from the early 1950s until 2000 - interrupted only by the troubled 1970s - represented a normal performance.
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Adrift
- America in 100 Charts
- By: Scott Galloway
- Narrated by: Scott Galloway
- Length: 3 hrs and 15 mins
- Unabridged
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We are only just beginning to reckon with our post-pandemic future. As political extremism intensifies, the great resignation affects businesses everywhere, and supply chain issues crush bottom lines, we’re faced with daunting questions—is our democracy under threat? How will Big Tech change our lives? What does job security look like for me? America is on the brink of massive change—change that will disrupt the workings of our economy and drastically impact the financial backbone of our nation: the middle class.
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Quick & Informative
- By W. Carillion on 10-06-22
By: Scott Galloway
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How the Other Half Banks
- Exclusion, Exploitation, and the Threat to Democracy
- By: Mehrsa Baradaran
- Narrated by: Priya Ayyar
- Length: 9 hrs and 36 mins
- Unabridged
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The United States has two separate banking systems today - one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a significant portion of the population, deserted by banks, is forced to wander through a Wild West of payday lenders and check-cashing services to cover emergency expenses and pay for necessities - all thanks to deregulation that began in the 1970s.
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The Borrowers at the Fringe
- By Darwin8u on 09-13-16
By: Mehrsa Baradaran
What listeners say about The Theft of a Decade
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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- CollinsCrew
- 05-20-19
Everyone needs to read
The insight could be useful for figuring out what to do next. This is a must read. Don’t let the title fool you baby boomers.
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- K. B. Rollins
- 07-26-19
Good overview of the controversy (I think)
I selected this as a good first-pass overview, because it had been criticized by both conservative and by progressive sources. To that end, it was helpful. He references studies and data that would be useful to see in pdf or printed form. It might have been better to read the printed version, but my reading pile is too high already! This was worth the time.
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- Shawn
- 02-10-23
Good info and good narration
Data is presented in a compelling and easy to digest manner. I’d recommend not listening to it before going to visit some Boomers as you’ll be sorely tempted to correct their misguided thoughts as to how great they are.
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- Amazon Customer
- 07-12-19
A Necessary Read
This is a necessary read for Boomers and Millennials alike. It is especially necessary for anybody who votes and cares about implications on Millennials and gen Z of policies enacted in the past and being proposed in the future. Buy a few copies and hand them out.
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- denise
- 07-02-19
Stats heavy
Super heavy on stats but they painted the picture for me clearly. I loved this book. I really enjoyed the side notes too. It was a sad realistic look at our future but hopeful in the sense that the more millennials start waking up to what is happening in politics, the more we can advocate for ourselves.
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- Tamala J. Pulling-Smith
- 10-25-20
Accurate Analysis
Largely compromised of existing data; without opinion. Author points out that Boomer political/fiscal policies maneuvered their children into a difficult situation; and explains how we react.
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- BookWorm
- 08-21-19
Depressingly informative for everyone!
This audiobook was extremely well written and gave facts based on economic policies that led us to where we are now, which shows a bleak financial outlook for millennials, like myself. A bit depressing, but informative nonetheless.
Well written and narrated. No definite solutions, but the author made sure to include examples from other countries that don’t seem to be working, which is helpful.
A great audiobook to listen to for anyone, especially those in economics, finance, or the real estate industries.
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- J
- 05-19-19
The reading of endnotes destroys the audiobook
The editorial decision to read the many endnotes within the narrative ruins this audiobook and makes listening unbearable.
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6 people found this helpful
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- Rob & Nikki
- 06-28-19
I feel like I just listened to a dog whistle
It started fine, and he makes some good points, but as even handed and unbiased as I believe he wants to appear in the end he reveals his true motives through how he says things and describes them. Coaxing people away from community, favoring GOP views. Disappointing.
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3 people found this helpful