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Political Bubbles

Financial Crises and the Failure of American Democracy

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Political Bubbles

By: Nolan McCarthy, Keith T. Poole, Howard Rosenthal
Narrated by: Brian Troxell
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About this listen

Behind every financial crisis lurks a "political bubble" - policy biases that foster market behaviors leading to financial instability. Rather than tilting against risky behavior, political bubbles - arising from a potent combination of beliefs, institutions, and interests - aid, abet, and amplify risk. Demonstrating how political bubbles helped create the real estate-generated financial bubble and the 2008 financial crisis, this book argues that similar government oversights in the aftermath of the crisis undermined Washington's response to the "popped" financial bubble, and shows how such patterns have occurred repeatedly throughout US history.

PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your My Library section along with the audio.

©2013 Princeton University Press (P)2014 Audible, Inc. Economic Conditions Political Science Politics & Government Thought-Provoking Economic Inequality Global Financial Crisis Great Recession Economic disparity

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