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Not only is free market capitalism good for the economy, says industry expert and Cato Institute President John Allison, it is our only hope for recovery. Drawing upon his unique inside view of the events leading up to the financial crisis, he has seen the direct effect of government incentives on the real estate market. He has seen how government regulations only make matters worse. In The Financial Crisis and the Free Market Cure, he posits a solution.
With shrewd insight, insider details, and practical advice for today’s leaders, Allison’s analysis is nothing less than a call to arms for a nation on the brink. He examines how government incentives helped blow up the real estate bubble to unsustainable proportions, how financial tools such as derivatives have been wrongly blamed for the crash, and how Congress fails to understand it should not try to control the market – and then completely mismanage it when it does. And, he clarifies why it’s so important ultimately to put “free” back in free market.
John A. Allison is President and CEO of the Cato Institute. Previously, he was the longest-serving CEO of a top-25 financial institution, having served for twenty years as Chairman of BB&T Corporation, the 10th largest financial services holding company headquartered in the United States. He is one of the lead proponents for banking and policy reform in America today. Mr. Allison has received the Lifetime Achievement Award from American Banker and was named one of the decade’s top 100 most successful CEOs by Harvard Business Review. He is a former Distinguished Professor of Practice at Wake Forest University Schools of Business and serves on the Board of Visitors at the business schools at Wake Forest, Duke University, and UNC-Chapel Hill
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John A. Allison
President and CEO, Cato Institute