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Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis

Autori

92 stránok

Viac o knihe

The analysis delves into the causes and prolongation of the financial crisis, attributing significant blame to specific government actions and interventions. John Taylor argues that deviations from established principles for setting interest rates led to an unsustainable housing boom, which ultimately resulted in a devastating bust characterized by foreclosures and toxic assets. He emphasizes that without the initial boom, the subsequent crisis would not have occurred, offering a critical examination of the role of government policy in financial instability.

Parametre

ISBN
9780817949716

Kategórie

Variant knihy

2009, pevná

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