The Financial Crisis and the Free Market Cure by John Allison
Why Pure Capitalism is the World Economy’s Only Hope

No critic rating

Waiting for minimum critic reviews

See 7 Critic Reviews

The book...should solidify Allison as a high-profile champion of individual liberty and free markets.
-American Banker

Synopsis

The #1 Wall Street Journal Bestseller

“Required reading. . . . Shows how our economic crisis was a failure, not of the free market, but of government.”
—Charles Koch, Chairman and CEO, Koch Industries, Inc.

Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market?

The answer is NO.

Not only is free market capitalism good for the economy, says industry expert John Allison, it is our only hope for recovery. As the nation’s longest-serving CEO of a top-25 financial institution, Allison has had a unique inside view of the events leading up to the financial crisis. He has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse.

And now, in this controversial wake-up call of a book, he has given us a solution. The national bestselling The Financial Crisis and the Free Market Cure reveals:

Why regulation is bad for the market—and for the world What we can do to promote a healthy free market How we can help end unemployment in America The truth about TARP and the bailouts How Washington can help Wall Street build a better future for everyone

With shrewd insight, alarming insider details, and practical advice for today’s leaders, this electrifying analysis is nothing less than a call to arms for a nation on the brink. 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. In the end, you’ll understand why it’s so important to put “free” back in free market.

It’s time for America to accept the truth: the government can’t fix the economy because the government wrecked the economy. This book gives us the tools, the inspiration—and the cure.

 

About John Allison

See more books from this Author
John A. Allison is the longest-serving CEO of a top-25 financial institution, having served as Chairman of BB&T for twenty years. He currently serves as President and CEO of the Cato Institute and as a distinguished professor at the Wake Forest University Schools of Business. He is also one of the lead spokespersons for banking and policy reform today, appearing at universities and business groups nationwide and serving on the board of directors of the Ayn Rand Institute. He received a Lifetime Achievement Award from "American Banker "and was named one of the decade's top 100 most successful CEOs by "Harvard Business Review".
 
Published September 27, 2012 by McGraw-Hill. 289 pages
Genres: Business & Economics, Political & Social Sciences, Education & Reference. Non-fiction
Bestseller Status:
icon27
Peak Rank on Oct 14 2012
icon1
Weeks as Bestseller
Add Critic Review

Critic reviews for The Financial Crisis and the Free Market Cure
All: 7 | Positive: 6 | Negative: 1

Forbes

Excellent
Reviewed by John Tamny on Oct 17 2012

John Allison has written easily one of the most important books of the year...You will not be disappointed.

Read Full Review of The Financial Crisis and the ... | See more reviews from Forbes

Mises Institute

Below average

I find Allison's views on foreign policy disturbing...Allison stands among those who would "busy giddy minds with foreign quarrels."

Read Full Review of The Financial Crisis and the ...

The Blaze

Good

...the government wrecked the economy. The Financial Crisis and the Free Market Cure gives us the tools, the inspiration—and the cure.

Read Full Review of The Financial Crisis and the ...

Future Of Capitalism

Good
Reviewed by Ira Stoll on Oct 05 2012

...he's succeeded at something that isn't easy: writing a new must-read book on the financial convulsions and their aftermath.

Read Full Review of The Financial Crisis and the ...

The Objective Standard

Good
Reviewed by Ari Armstrong

...The Financial Crisis and the Free Market Cure offers a wealth of fascinating insights adding up to a forceful case for free markets.

Read Full Review of The Financial Crisis and the ...

The UnderCurrent

Good
Reviewed by Carl Svanberg on Dec 14 2012

...the book delivers a uniquely inductive, and for that very reason, unusually compelling case for the free market.

Read Full Review of The Financial Crisis and the ...

American Banker

Good
Reviewed by Paul Davis on Sep 26 2012

The book...should solidify Allison as a high-profile champion of individual liberty and free markets.

Read Full Review of The Financial Crisis and the ...

Reader Rating for The Financial Crisis and the Free Market Cure
87%

An aggregated and normalized score based on 188 user ratings from iDreamBooks & iTunes


Rate this book!

Add Review
×