No Way Out: Persistent Government Interventions in the Great Contraction

FOR IMMEDIATE RELEASE: March 2013

The 2008 financial crisis and its aftermath have created an extraordinary period in monetary and fiscal policy in the United States. But an expanded role of government in the economy as a reaction to trying times may lead to more harm than good.

In a new book titled “No Way Out: Persistent Government Interventions in the Great Contraction” (AEI Press, February 2013), editor Vincent R. Reinhart, managing director and chief US economist at Morgan Stanley and a former resident scholar at the American Enterprise Institute (AEI), brings together an array of professional and academic authors to generate a narrative of the financial crisis. They explore the mismatched market incentives and government policies that precipitated the crisis and evaluate the possibility of likely recurrences. Their story demonstrates that government can do better, but only if it follows historical evidence, not popular opinion, to respond to financial crises.

INTERVIEW REQUESTS:
To reach the authors, please contact Veronika Polakova at veronika.polakova@aei.org or 202.862.4880. For media inquiries, please contact mediaservices@aei.org or 202.862.5829