on June 1, 2009
I didn't detect much in the way of overt bias in this book. The level of writing is perfect for a general audience. I found the coverage of the most recent financial crisis a bit facile, but it may be too early to write a history of the recent crisis since it is still ongoing. There is no sense of moral outrage at the vast and stunning crimes committed by the recent bailouts, and the writing is of insufficient depth or insight to expose and explain these crimes. Nevertheless, I thought that the coverage of the Greenspan era was very well done. Recommended!
on July 26, 2009
A well balanced analysis of the greatest economic crisis since the Great Depression. It is scary, indeed, how close we were to an economic collapse. Overreaction is not the answer. Tight regulation would stifle innovation and growth. The author basically concludes that experts are still looking for a better way to achieve robust economic growth and maintain stability. And in his final sentence Dr. Overtveldt expresses his opinion that another Great Depression is still a possibility (even with Great Depression expert, Ben Bernanke, in place as chairman of the Fed).