Une Crise Peut En Cacher Une Autre

“Down with laissez-faire!!” was the common outcry during the recent economic crisis. Fortunately, Nicolas Sarkozy announced that “laissez-faire is finished.” So does that mean that we have seen the last crisis?Yet, the current crisis is not over. Its effects can be felt as much in the sudden stock market fluctuations as in the governments’ inability to pay their debts and control their deficits.This book takes us back to the moment when the crisis first surfaced in the summer of 2007, namely in the mortgage-backed securities’ market – particularly that of the United States. The American government took over this market, as well as the entire residential real estate market. As George Bush said in 2002, “when people are being hurt, the government needs to do something.” There are always be hurting people and governments are always taking action. Is America really that different from France?Is this a laissez-faire crisis? The facts and statistics speak for themselves. This is a different sort of crisis – but of what kind?In attempting to answer these questions, Pierre Lemieux draws us into his exploration of various macro-economic theories and his analysis of the 20th century, which Mussolini hoped would be “the century of the State.” This is an essential book for anyone wishing to understand finance, the United States, France and the real crisis that is passing the stopped train at full speed.