Sign in with FacebookKevin's Reviews > A Failure of Capitalism: The Crisis of '08 and the Descent Into Depression
A Failure of Capitalism: The Crisis of '08 and the Descent Into Depression
by Richard A. Posner
by Richard A. Posner
An interesting book about the housing bubble and economic collapse. Posner is a libertarian but the lessons he takes from the recession are not those free marketeers would like. It is amazing that such a big collapse has been studied so little. And it surprises me that people responded to the crisis by reading Ayn Rand rather than figuring out how the capitalist system failed on this one. Hint: the answer is not less regulation of banks.
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