First published 2009
Conservative historian Peter Schweizer takes aim at the conventional narrative surrounding the 2008 financial crisis. The New York Times bestselling author contends that liberal politicians, not conservative deregulation, triggered the economic meltdown. Schweizer traces how government officials wielded political power to inflate a subprime mortgage bubble that ultimately devastated markets worldwide. He challenges the widespread belief that free-market policies caused the collapse, instead pinning responsibility on what he calls "do-good capitalism." The author of Do as I Say (Not as I Do) builds his case by examining how progressive ideologies shaped lending practices and housing policies. Schweizer presents evidence that well-intentioned government intervention created the very conditions that led to financial ruin.
Genres: business, economics, non-fiction, 21st-century, academic, american-history
Vibes: suspenseful, thought-provoking
Tropes: investigative-journalism
Setting: New York
Period: 2008
244 pages · Kindle Edition · HarperCollins