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

Autori

• John B. Taylor

Parametri

• 92 pagine
• 4 ore di lettura

• Economia
• Economia e affari
• Politica
• Saggistica
• Scienze politiche & Politica

Maggiori informazioni sul libro

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.

Lingua: Inglese

Pubblicato: 2009

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