The Housing Boom and Bust by Thomas Sowell Paperback Book


Rent The Housing Boom and Bust

Author: Thomas Sowell

Narrator: Robertson Dean

Format: Unabridged-CD, Paperback, Unabridged-MP3

Publisher: Blackstone Audiobooks

Published: May 2009

Genre: Business & Economics - Real Estate

Retail Price: $69.00


This is a plain-English explanation of how we got into the current economic disaster that developed out of the economics and politics of the housing boom and bust. The "creative" financing of home mortgages and the even more "creative" marketing of financial securities based on American mortgages to countries around the world, are part of the story of how a financial house of cards was built up—and then suddenly collapsed.

The politics behind all this is another story full of strange twists. No punches are pulled when discussing politicians of either party, the financial dangers they created, or the distractions they created later to escape their own responsibility for what happened when the financial house of cards in the financial markets collapsed.

What to do, now that we are in the midst of an economic disaster, is yet another story—one whose ending we do not yet know, but one whose outlines and implications are explored to reveal some surprising and sobering lessons.

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BookLender review by Gus on 2010-09-10 12:45:26

Very insightful book about part of our economic situation. Government intervention is one of the causes of the housing boom and bust. We know that the more we allow the government to intervene in our lives the greater the changes of our down fall increases. Not a long book and a must read.