The Housing Boom and Bust Audiobook (Free)

That is a plain-English explanation of how exactly we got into the current economic disaster that created out of the economics and politics from the housing boom and bust. The “innovative” financing of home mortgage loans, and the even more “creative” advertising of financial securities predicated on these mortgages to countries around the world, are part of the tale of what sort of financial house of cards was developed and then all of a sudden collapsed.

The politics behind all this is another tale full of strange twists. No punches are taken when talking about politicians of either party, the economic dangers they created, or the distractions they created later on to flee their very own responsibility for what happened.

Sowell unravels the tangled threads of the situation and explores the implications to reveal some surprising and sobering lessons.