Watch Swedish writer Johan Norberg talk about his very accesible new book, Financial Fiasco: How America’s Infatuation with Homeownership and Easy Money Created the Economic Crisis, at the Cato Institute:

Cato Institute Book Forum – Financial Fiasco

ANNA J. SCHWARTZ, COAUTHOR, A MONETARY HISTORY OF THE UNITED STATES:

“You don’t have to be an economist to gain a clear understanding of the diverse forces that produced the financial fiasco that Johan Norberg describes: lax monetary policy by the Federal Reserve System, overpromotion of homeownership by the government and government agencies, and transformation of the mortgage loan industry into an issuer of securities backed by a pool of mortgages of varying quality.”

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