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# The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy’s Only Hope 

September 2012 • Published By McGraw Hill 

By [John A. Allison](https://www.cato.org/people/john-allison) 

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Did Wall Street cause the mess we are in? Should Washington place stronger regulations on the entire financial industry? Can we lower unemployment rates by controlling the free market? The answer is NO.

##### About the Author 

John Allison is an executive in residence at the Wake Forest School of Business. He is a member of the Cato Institute’s Board of Directors and chairman of the Executive Advisory Council of the Cato Institute’s [Center for Monetary and Financial Alternatives](https://www.cato.org/center-monetary-financial-alternatives). Allison was president and CEO of the Cato Institute from October 2012 to April 2015.