Available at the Hoover Press, Amazon, Barnes and Noble, Borders or wherever books are sold.
Quotes
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If Milton Friedman and I had written as persuasive an analysis as this, one year—rather than 30 years—after the Great Depression began, the United States might have had a typical recession rather than the greatest downturn in history. – Anna Schwartz, author, with Milton Friedman, of The Great Contraction, 1929–1933 | |
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Big problems confront us, and responses of immense size are on the table. We desperately need a solid and fact-based analysis so that we get the prescription right. John Taylor provides just that. A must-read for everyone involved. – George Shultz, former secretary of Treasury, State, and Labor and Budget Director | |
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This short volume does a masterful job of tracking the stunning financial market and macroeconomic events of 2007 and 2008, and it provides an organizing framework that will enable the specialist and novice alike to examine these events in a coherent setting. – James Poterba, Mitsui Professor of Economics at MIT and President and CEO of the National Bureau of Economic Research | |
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John Taylor is one of the very few who points out the errors that the Federal Reserve made during this difficult period and also shows how they could avoid them. Members of Congress should read this book instead of looking for scapegoats in the wrong places. – Allan Meltzer, author of The History of the Federal Reserve | |
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…cogent, thorough and compelling…Taylor sums up his argument in his subtitle: How Government Actions and Interventions Caused, Prolonged and Worsened the Financial Crisis. Take a moment to absorb that. Although we're told every day that the crisis arose from failures in the free markets—that it represents a crisis of capitalism itself--an eminent economist has now stepped forward to say, in effect, "Nonsense." The markets didn't fail, Taylor argues, the government did. – Peter Robinson, What Caused the Crisis? Forbes.com | |
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If you want to read a very short book on how we got into the financial crisis, I don't think you could do better than John B. Taylor’s Getting Off Track. – Michael Barone, U.S. News & World Report | |
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A sobering book by a Stanford University economist demonstrates not only how the feds caused, misdiagnosed and mishandled the financial crisis, but also how their responses continue to make matters worse. – Robin Goldwyn Blumenthal, Barron’s Magazine | |
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This is a very readable book. Taylor takes the complex and sophisticated research he and colleagues have done over the last several years and translates it into language, accompanied by charts, that is easily absorbed. – John M. Mason, SeekingAlpha.com | |
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It combines seriousness, brevity and accessibility – and it advances a distinctive argument…of what Mr Taylor sees as the principal policy mistake and the errors that flowed from it. Most commentary on the crisis glides by this issue without even noticing it, so intent are most analysts on blaming deregulation and the fatal flaws of Anglo–American capitalism. Taylor is having none of that, and at the very least Getting Off Track is a bracing corrective to this tendency. – Clive Crook, Financial Times | |
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Taylor offers a powerful rejoinder to the all too pervasive notion that the financial crisis is indicative of market failure and therefore requires a government solution. – Jerry Tempelman, Business Economics |
Reviews
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How They Killed the Economy The New York Review, March 25, 2010 |
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Is Deregulation to Blame? The Claremont Institute, December 15, 2009 |
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A book Review of Getting Off Track, by Jerry H. Tempelman, Business Economics is the journal of The National Association for Business Economics, July 2009 |
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Book Review: Risks of straying from the prudent path Financial times, April 12, 2009 |
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Book Review: How the Fed got the economy off track Orange County Register, April 5, 2009 |
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This is a very readable book, SeekingAlpha.com, March 28, 2009 |
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Taylor Rules Forbes, March 24, 2009 |
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Taylor Book Blames Fed, Government, For Causing, Prolonging Crisis Market News international, March 17, 2009 |
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F Is for Fed Barron’s Online, March 14, 2009 |
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Ad Hoc Fed, Treasury Acts Caused the Financial Crisis, Not Deregulation, Tax Cuts US News, March 10, 2009 |
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Book Review by Bobbi Emel Book Flap, March 4, 2009 |
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What Caused The Crisis? Forbes, February 13, 2009 |
Recent Editorials and
Articles
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How Government Created the Financial Crisis, Wall Street Journal, February 9, 2009 |
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Tax Cuts to Promote Economic Recovery The Australian, February 18, 2009 |
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It`s the government`s fault - English version (translation) or Portuguese version (original) Valor Economico, March 6, 2009 |
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The Threat Posed by Ballooning Federal Reserves, Financial Times, March 24, 2009 |
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Obama worse than Bush - English version (translation) or Polish version (original) Gazeta Wyborcza, March 26, 2009 |
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Valid Complaints about Spending New York Times, April 1, 2009 |
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Lost Lesson of the Lehman Bankruptcy, The Arizona Republic, September 17, 2009 |
Recommended Reading Lists
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“For the Holidays, a Multimedia Guide to Economics,” by Gene Epstein, Barron’s, December 15, 2009 |
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“Money Books for the Summer Bedside Table,” by Sophie Gilbert, The Washingtonian, August 4, 2009 |
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“Booking the Economy,” by Bob Samuelson, Newsweek, July 20, 2009 |
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“Ten Books to Help You Understand the Crisis,” by Cardiff Garcia, Dow Jones, Financial News, June 5, 2009 |
Podcasts or Video Streaming of Radio/TV Interviews
Blogs and Media References
Translations
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