Financial Crises and the Failure of American Democracy
by
Nolan McCarty, Keith T. Poole, Howard Rosenthal
Language: English
Release Date: May 21, 2013
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...