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Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis

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Uncover the hidden causes of the 2008 Financial Crisis and how to prevent the next one. This book challenges conventional wisdom by arguing that government bailouts, not private sector greed, were the primary culprit. Explore how perverse incentives and moral hazard fueled reckless risk-taking in the financial system.

Russ Roberts exposes how past interventions distorted the market, leading to the crisis. Discover the roles of Fannie Mae, Freddie Mac, and other key players. Learn why regula...