*To the Edge*

That is the new Philip A. Wallach book and the subtitle is Legality, Legitimacy, and the Responses to the 2008 Financial Crisis.  Philip is one of the underrated up-and-coming young policy economists, and this book focuses on the financial crisis and the law.  It is original, a rare quality for books on the crisis at this point.  My own blurb says: “Why did America respond to its recent financial crisis the way it did? And why did the bailouts so quickly become unpopular, even as the economy was recovering?  How much did the law stop the government from doing more? Philip Wallach’s To the Edge is the very best book on all of these questions.”

Christopher DeMuth puts it well: “The financial crisis of 2008 was also a crisis of law and a crisis of government legitimacy,” and Wallach is now the go-to guy on that angle.