Thursday, August 27, 2009
Tom Sowell nails the housing/financial crisis
Believe me, I've read a lot about the origins of the housing/financial crisis that started hitting about a year ago. Tom Woods's book, "Meltdown" was excellent, and some of the analyses from Cato have been excellent. But the best concise explanation of how it happened -- all the strains of public policy mistakes that finally came together at once in something of a Perfect Storm -- I've found so far is Tom Sowell's little book, "The Housing Boom and Bust." Here's my review for the Register's Sunday Commentary section. Johan Norberg, usually excellent, also has a book out, "Financial Fiasco," that I'm looking forward to reading.