So says industry expert John A. Allison, the nation’s longest-serving CEO of a top-25 financial institution and author of the bestselling The Financial Crisis and the Free Market Cure.
Allison has had a unique, inside view of the events leading up to the financial crisis.
He’s witnessed how government incentives directly affected the real estate market and how government regulations only make matters worse.
And now, in this shrewd, wake-up call of a book that pores over the facts surrounding America’s current monetary state, Allison has given us a solution.
The Financial Crisis and the Free Market Cure doesn’t shy away from laying bare the alarming details, but it also offers practical advice for today’s leaders in the form of an electrifying analysis. In the end, it’s a call to arms for a nation on the brink.
A few days before the 2012 election Allison and other business leaders got together with Glenn Beck to discuss how the outcome would affect the U.S. economy. Here’s the clip:
You’ll learn how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market—and then completely mismanages it when it tries.
You’ll also understand why it’s so important to put “free” back in free market, as well as:
It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy.
The Financial Crisis and the Free Market Cure gives us the tools, the inspiration—and the cure.
Here’s Allison discussing the details of his findings and analyses at the CATO Institute: