Mark Calabria

Mark Calabria

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Reforming U.S. Financial Markets

FEBRUARY 06, 2013

Reforming U.S. Financial Markets, by Randall Kroszner and Robert Shiller, intends to offer views of the housing crisis from differing "ends of the spectrum." Instead it illustrates the narrowness of that spectrum and how little attention mainstream analysis pays to the role of government interventions in distorting markets and setting up crises in the first place.