Johan Norberg exposes the abiding hypocrisies of policy that
generated this crisis far better than an American insider could. A
masterwork in miniature.--Amity Shlaes, senior fellow in economic
history, Council on Foreign Relations
The subtitle of Johan Norberg's book, Financial Fiasco, is 'How
America's Infatuation with Homeownership and Easy Money Created the
Economic Crisis, ' which captures the root causes of today's
financial crisis. This highly readable book, by a historian, gives
an unbiased explanation of the various factors leading to the
financial meltdown, and says that if we're looking for scapegoats,
we need only to take a look in the mirror. Norberg has done a
yeoman's job in economic diagnostics. Whether the American people
want to take the necessary treatment is another question.--Walter
E. Williams, George Mason University
Essential reading for everyone who cares about our economic future,
but especially for those who are still not sure what caused the
crisis. As Norberg makes clear, private forces jumped willingly on
a runaway train, but it was government that built the train and
drove it off a cliff.--Jeffrey Miron, Senior Lecturer in Economics,
Harvard University
Financial Fiasco, by Johan Norberg, is a penetrating and
frightening analysis of the causes and consequences of the 2008
Financial Panic. Norberg lays out with precision and detail how a
perfect storm of misguided government policies and private sector
exuberance combined to create the worst economic downturn since
World War II. This is essential reading for everyone who cares
about our economic future, but especially for those who are still
not sure what caused the crisis. As Norberg makes clear, private
forces jumped willingly on a runaway train, but it was government
that built the train and drove it off a cliff.--Professor Jeff
Miron Harvard University
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