"For anyone looking for a straightforward
and honest discussion of the origins of our current crises, informed
by a deep understanding of both economics and politics, The Housing
Boom and Bust is required reading."
The Washington Times
"Sowell's latest book, The Housing Boom and Bust
is an economic primer on the housing bubble, but more importantly, it
is an examination of the ruling classes' inability to leave well enough
"The Housing Boom and Bust is a withering attack
on the popular notion that the housing market collapse was due to Wall
Street greed and lax government regulation. Rather, it was constant
political meddling— in regulations restricting land use and pressures
on Fannie Mae and Freddie Mac to reduce loan standards— that Sowell
contends created the crisis."
Investor's Business Daily
"Sowell explains how 'creative' financing of home
mortgages, and the even more 'creative' marketing of financial securites
based on American mortgages to countries around the world, built up
a financial house of cards that was inevitably destined to fail."