Monica Prasad is Associate Professor of Sociology and Faculty Fellow in the Institute for Policy Research at Northwestern University.
"Prasad’s history leapfrogs from the early New Deal to the 1970s, when economic stagnation led both Republicans and Democrats to deregulate finance to make credit even more available. At this point, we come to the familiar tale of Americans taking on too much debt, leading to speculative bubbles and the 2008 financial meltdown.
"History is where Prasad’s book runs into problems."
Read a review in Finance & Development magazine.
Prasad in the New York Times
Harvard University Press