[Books](/books) ![Media Name: financialfiasco.jpg](/sites/cato.org/files/styles/serial_cover_phone/public/books/financialfiasco.jpg?itok=UvogvnPI) Join the Conversation [\#CatoBooks](https://x.com/hashtag/CatoBooks) Purchase This Book [ Download Book (PDF) ]() # Financial Fiasco ##### How America’s Infatuation with Homeownership and Easy Money Created the Economic Crisis Financial Fiasco guides readers through a world of irresponsible behavior by consumers, decisionmakers in companies, government agencies, and political institutions. June 2012 • Published By Cato Institute By [Johan Norberg](https://www.cato.org/people/johan-norberg) Join the Conversation [\#CatoBooks](https://x.com/hashtag/CatoBooks) Purchase This Book [ Download Book (PDF) ]() ##### About the Book Now newly expanded, with a with a new chapter on the spreading global economic crisis, Financial Fiasco guides readers through a world of irresponsible behavior by consumers, decisionmakers in companies, government agencies, and political institutions. ##### What Others Have Said “Essential reading for everyone who cares about our economic future” —Jeffrey Miron, Harvard University “Johan Norberg exposes the abiding hypocrisies of policy that generated this crisis far better than an American insider could. A masterwork in miniature.” —Amity Shlaes, George W. Bush Institute, and author of The Forgotten Man: A New History of the Great Depression ##### About the Author [Johan Norberg ](http://www.cato.org/people/johan-norberg) is a senior fellow at the Cato Institute. His previous book, *In Defense of Global Capitalism*, has been published in more than 20 countries. He wrote and hosted “Globalisation Is Good,” a documentary for Channel Four in Britain. He lives in Stockholm. Follow him on Twitter [@johanknorberg ](https://twitter.com/#!/johanknorberg).