Boom and Bust
While the recent economic crisis was a painful period for many Americans, the panic surrounding the downturn was fueled by an incomplete understanding of economic history. Boom and Bust argues that while economic downturns can be difficult, people living in free market economies enjoy greater health, better access to basic necessities, better education, and have wider horizons than people at any other point in history. This wonderful reality would not exist in the absence of financial cycles. And this book explains why.
Praise for Boom and Bust
"Alex J. Pollock isn't angry about the financial panic that erupted in 2008 and knocked the U.S. economy into the worst slump since the 1930s. Mr. Pollock, a resident fellow at the American Enterprise Institute and a former banker, isn't even looking for someone to blame. In Boom and Bust, he swiftly identifies the villain―a familiar, sometimes endearing, and invariably roguish character known as human nature."
— The Wall Street Journal
"Provides some basics on financial cycles."
— World Magazine