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If Milton Friedman and I had written as persuasive an analysis as this, one year—rather than 30 years—after the Great Depression began, the United States might have had a typical recession rather than the greatest downturn in history.
- Anna Schwartz, author, with Milton Friedman, of The Great Contraction, 1929–1933
Big problems confront us, and responses of immense size are on the table. We desperately need a solid and fact-based analysis so that we get the prescription right. John Taylor provides just that. A must-read for everyone involved.
- George Shultz, former secretary of Treasury, State, and Labor and Budget Director
This short volume does a masterful job of tracking the stunning financial market and macroeconomic events of 2007 and 2008, and it provides an organizing framework that will enable the specialist and novice alike to examine these events in a coherent setting.
- James Poterba, Mitsui Professor of Economics at MIT and President and CEO of the National Bureau of Economic Research
John Taylor is one of the very few who points out the errors that the Federal Reserve made during this difficult period and also shows how they could avoid them. Members of Congress should read this book instead of looking for scapegoats in the wrong places.
- Allan Meltzer, author of The History of the Federal Reserve
…cogent, thorough and compelling…Taylor sums up his argument in his subtitle: How Government Actions and Interventions Caused, Prolonged and Worsened the Financial Crisis. Take a moment to absorb that. Although we're told every day that the crisis arose from failures in the free markets—that it represents a crisis of capitalism itself--an eminent economist has now stepped forward to say, in effect, "Nonsense." The markets didn't fail, Taylor argues, the government did.
- Peter Robinson, What Caused the Crisis? Forbes.com
This has lots of worthwhile information that helps one to understand
why our economy is still struggling. Read more
John Taylor is an academic economist who loves grafts and numbers. He lives, eats and drinks this stuff and obviously loves it. Read morePublished 21 months ago by Michael Buratovich
Many of the reviews that did not like this work disagreed with Taylor's conclusions or philosophy. I do not have a problem with many of his conclusions, but I found it to be a... Read morePublished on April 29, 2012 by Steph
This book contains a few good ideas, expressed simply and clearly. It explains some of what caused the 2008 financial crisis. Read morePublished on November 7, 2011 by Peter McCluskey
I read this book twice because the first time I read it, I couldn't believe my eyes.
The vast majority of economists disagree with this author for good reason. Read more
Having already read a great deal about the recent financial crisis, I would not have thought it possible to argue convincingly in fewer than 100 pages not only that actions of the... Read morePublished on May 6, 2010 by Anders Johnson
The latest book review in my ongoing series pertaining to the financial catastrophe of 2008 brings me to the delightful Dr. Read morePublished on March 17, 2010 by David Bahnsen
Taylor does a good job of objectively analyzing the current crisis and dispelling the perception that it was caused by a lack of liquidity.Published on January 31, 2010 by D. Skelly
This book offers a concise analysis of how government actions caused, prolonged, and worsened the financial crisis. Read morePublished on December 19, 2009 by HVeinott