Continued from page 1

The recent decline was needed to restore prices to their appropriate levels, yet the government has treated the drop as the problem rather than the cure, setting up the housing market for a potentially even more dramatic fall.

This book fulfills its goal of being accessible to lay readers and teaching Americans everything they need to know about our country’s bleak economic situation. True economic renewal and the return to free-market principles will be hard work and require swallowing painful pills, but we must resist the temptation to alleviate our problems temporarily at the expense of future prosperity.

Roger Lott is a writer in Pennsylvania.