Call anytime(888) 283-5051
 

You no longer follow Thomas

You will no longer see updates from this user when they write new reviews, or suggestions based on their library or recommendations.

You can re-follow a user if you change your mind.

OK

You now follow Thomas

You will receive updates from this user when they write new reviews, or suggestions based on their library or recommendations.

You can unfollow a user if you change your mind.

OK

Thomas

Doylestown, PA, United States

ratings
1
REVIEWS
1
FOLLOWING
0
FOLLOWERS
0
HELPFUL VOTES
1

  • How Markets Fail: The Logic of Economic Calamities

    • UNABRIDGED (13 hrs and 15 mins)
    • By John Cassidy
    • Narrated By Ralph Cosham
    • Whispersync for Voice-ready
    Overall
    (338)
    Performance
    (169)
    Story
    (169)

    Behind the alarming headlines about job losses, bank bailouts, and corporate greed, there is a little-known story of bad ideas. For 50 years or more, economists have been busy developing elegant theories of how markets work - how they facilitate innovation, wealth creation, and an efficient allocation of society's resources. But what about when markets don't work?

    Ben says: "Way more than I expected"
    "Entertaining and Insightful."
    Overall

    The bulk of this book is a chronology of market booms and busts and the great minds that shaped our economic policies. As it approaches present day however, some scathing criticisms surface. Greenspan for being too hands off when he should have been alerted by red flags in subprime lending. Bernanke and Paulson are faulted mostly for not doing enough to support the financial markets and protect the large institutions, thus allaying fears in the heat of the crisis. Overall, a great listen and very insightful.
    I wonder, if it really was the weakness of these individuals that facilitated the collapse then, what of all other nations of the world? Surely we’re not responsible for their failures as well? And why no mention of oil? I still remember the unsettling feeling as the price of gasoline encroached $5.00 a gallon and fear about the future of discretionary spending. This and other books on the present day failures seem to overlook the impact of fuel costs during the summer of 2008.
    The author scores one for Obama’s socialist economic policies as the game winner. He ends in October of 2009 using that month to justify his argument. But that’s like going to bed after your team has just rallied, assuming they won the game. In retrospect August 2009 turned out to be nothing more then a sugar rush as the economy tired soon after. Now that we are further along in the game many people are dissatisfied with the ineffective policies that have been set forth and the amount of debt that has been amassed to fund them.
    Finally, one day, after affixing my ear plug and turning on my MP3 player, my wife asked “What are you listening to?”
    “A very good story that tells all about what happened during the crises and what led to the economic collapse.”
    “You don’t need a stupid book to tell you about that, I can tell you what caused it.”
    “Oh yeah” I said “what was it?”
    “GREED!”
    The beauty of logic is its simplicity. Oh well it was a good history lesson!

    1 of 2 people found this review helpful

Report Inappropriate Content

If you find this review inappropriate and think it should be removed from our site, let us know. This report will be reviewed by Audible and we will take appropriate action.

CANCEL

Thank You

Your report has been received. It will be reviewed by Audible and we will take appropriate action.