First published 2012
John Allison argues that Washington caused the financial crisis and only unfettered capitalism can restore America's economy. Drawing on his experience as the longest-serving CEO of a top-25 financial institution, Allison witnessed government incentives inflate the real estate bubble and watched regulations worsen market conditions. He contends that Wall Street did not create the economic mess and that stronger financial regulations will only deepen the damage. The book explains why TARP and bailouts failed, how derivatives were wrongly blamed for the crash, and why Congress cannot successfully manage markets. Allison demonstrates that government incentives drove real estate prices to unsustainable levels and shows how free market principles can reduce unemployment. He provides practical solutions for leaders and reveals the insider details of how regulatory interference distorts natural market functions. The book offers tools and strategies for returning to authentic free market capitalism.
Genres: business, economics, non-fiction, finance
Vibes: thought-provoking
Tropes: insider-perspective
278 pages · Hardcover · McGraw Hill