Seeds of Destruction: Why the Path to Economic Ruin Runs Through Washington, and How to Reclaim American Prosperity

Part V. The American Economy at a Crossroads

In analyzing financial reform in Chapter 10, “How to Prevent Another Financial Crisis—and Housing Bubble,” we explain just how the bursting of a housing bubble managed to trigger the worst recession since the Great Depression and bring the entire global financial system to the brink of collapse. We then turn to a sobering critique of the sweeping “reforms” passed by the American Congress in response—and explain why much of this massive piece of legislation misses the mark. Following an Occam’s Razor approach, we illustrate how a far simpler, and far less intrusive, set of reforms would do a far better job of preventing any future financial crises.

Chapter 11, “How to Implement Our Seeds of Prosperity ...