The book details the key events of the crash, and explains the main amplification mechanisms. Instead of a blow-by-blow account of the numerous bank rescue programs, it uses an economics lens to dissect the logic of each category of rescue measure to make them more digestible for the lay reader.
"It is rare indeed to find a Fed chairman looking back and explaining the Fed's actions. In this valuable book, Ben Bernanke argues strongly that the Fed's decisions during the financial crisis were consistent with long-standing central banking practices. His account is an important part of the historical record."--Alan Blinder, Princeton University
"In his provocative and well-written book, Arie Kacowicz argues that the impact of globalization on inequality is mediated by national governments. Through a compelling analysis of Argentina's responses to globalization, he demonstrates that social issues like inequality improve when a country's government is strong relative to its society. In short, greater governance leads to greater social good."--George Shambaugh, Georgetown University