Introduction ix
PART I THE BLACKBERRY PANIC OF 2008
1 Paulson's Folly: The Needless Rescue of AIG and Wall Street
3(16)
2 False Legends of Dark ATMs and Failing Banks
19(16)
3 Days of Crony Capitalist Plunder
35(20)
PART II THE REAGAN ERA REVISITED: FALSE NARRATIVES OF OUR TIMES
4 The Reagan Revolution: Repudiations and Deformations
55(15)
5 Triumph of the Warfare State: How the Budget Battle Was Lost
70(17)
6 Triumph of the Welfare State: How the GOP Anti-Tax Religion Was Born
87(21)
7 Why the Chickens Didn't Come Home to Roost: The Nixon Abomination of August 1971
108(29)
PART III NEW DEAL LEGENDS AND THE TWILIGHT OF SOUND MONEY
8 New Deal Myths of Recovery
137(32)
9 The New Deal's True Legacy: Crony Capitalism and Fiscal Demise
169(26)
10 War Finance and the Twilight of Sound Money
195(18)
11 Eisenhower's Defense Minimum and the Last Age of Fiscal Rectitude
213(22)
12 The American Empire and the End of Sound Money
235(25)
13 Milton Friedman's Folly: Rise of the T-Bill Standard
260(21)
PART IV THE AGE OF BUBBLE FINANCE
14 Pork Bellies, Floating Money, and the Rise of Speculative Finance
281(39)
15 Greenspan 2.0
320(23)
16 Bull Market Culture and the Delusion of Quick Riches
343(18)
17 Serial Bubbles
361(21)
18 The Great Deformation of Capital Markets: How Wall Street Got Huge
382(22)
19 From Washington to Wall Street: Roots of the Great Housing Deformation
404(21)
20 How the Fed Brought the Gambling Mania to America's Neighborhoods
425(18)
21 The Great Financial Engineering Binge
443(12)
22 The Great Raid on Corporate Cash
455(20)
23 The Rant That Shook the Eccles Building: How the Fed Got Cramer'd
475(26)
24 When Giant LBOs Strip-Mined the Land
501(19)
25 Deals Gone Wild: Rise of the Debt Zombies
520(17)
26 Bonfires of Debt and the Road Not Taken
537(14)
PART V SUNDOWN IN AMERICA: THE END OF FREE MARKETS AND DEMOCRACY
27 Willard M. Romney and the Truman Show of Bubble Finance
551(26)
28 Bonfires of Folly: Bernanke's False Depression Call and the $800 Billion Obama Stimulus
577(21)
29 Obama's Green Energy Capers: Crony Capitalist Larceny
598(15)
30 The End of Free Markets: The Rampages of Crony Capitalism in the Auto Belt
613(18)
31 No Recovery on Main Street
631(18)
32 The Bernanke Bubble: Last Gift to the 1 Percent
649(23)
33 Sundown in America: The State-Wreck Ahead
672(34)
34 Another Road That Could Be Taken
706(7)
Note on Sources 713(6)
Index 719(24)
About the Author 743