There is enormous inequality between the income and wealth of the richest one percent and all other Americans. This book develops a viewpoint contrary to the prevailing conservative paradigm, setting out both reasons for this inequality and the impact of this. "Howard Sherman brings his full set of skills and experience to bear in providing this unique perspective on the issue of inequality in the US economy, focusing on the link between rising inequality and increasing instability. Inequality, Booms and Busts fills a significant gap in the literature on political economy." - Robert Pollin, University of Massachusetts Amherst, USA