#2,186 in Business & money books
Reddit mentions of After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead
Sentiment score: 1
Reddit mentions: 4
We found 4 Reddit mentions of After the Music Stopped: The Financial Crisis, the Response, and the Work Ahead. Here are the top ones.
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Specs:
| Height | 0.25 Inches |
| Length | 5.5 Inches |
| Number of items | 13 |
| Width | 5.5 Inches |
A better financial history type book is the Reinhart & Rogoff one.
As long as you are building a list, let me share my to-read list after I finish reading my current book:
You should also read Piketty's book and Bernanke's book but I didn't list them since I have read them and assume you have read them too.
I tend to only read and alternate between history and econ books for my pop/non-academic reading. I've only listed the pop-econ books since I assume that's what you are after.
Has anyone else read any of the books on my list? Are some terrible? If so let me know so I can avoid them.
I do? Do you have any recommended episodes? I haven't watched his show, but I suspect I might like it if he talks about stuff like this.
> QE is nothing more than creating fake money to lessen the blow of something like, say, bailing out Wall Street.
Well.... no, it's not. Sorry.
And QE isn't really what helped prevent the imminent catastrophe during the 2008 financial crisis. That would be TARP (among many other things).
But the fact that you're conflating these two does reveal why tactics like Stein's work. People forget the details and say "yeah, we should 'do something' like we did then!"
If you're interested in reading about the 2008 crisis and the various ways that it was addressed (and there were several), you might want to check out After the Music Stopped by Alan Blinder (non-referral Amazon link). It goes into pretty good detail about what actually happened, and while it's certainly complex it's about as approachable a description as you can have while still being faithful.
Identifying a "biggest single factor" is tricky. It depends on who you ask:
Alan Blinder would say it was under-regulation.
John Taylor blames the Fed for keeping interests rates too low for too long.
Mian and Sufi think it's because households took out too much debt.
Viral Acharya and co-authors think that Fannie and Freddie were allowed to grow too big and implicitly guarantee too many loans.
Gorton and Metrick would point out that the under-regulation of the shadow banking, in particular, played an outsized role in the crisis.
And, obviously, democrats did it unless you're more inclined to believe that the republicans did it
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