On September 26, the Hoover Institution released the first results from its Golden State Poll, a series that will be periodically released in the run up to next year’s general election. This first poll, which surveys one thousand Californians about their views on personal financial well-being and pressing energy policy issues in the state, places a special emphasis on climate change and the Global Warming Solutions Act (AB 32).
Hoover senior fellow Edward P. Lazear discusses his recent book Observations on the Financial Crisis on CNBC. Topics in the interview include distinguishing between the crisis and the recession, contagion versus systemic failure in the financial industry, and the formulation and evaluation of President Bush’s response.
Former George W. Bush economic advisers Keith Hennessey and Edward Lazear look back on the lessons of the 2008 financial crisis, presenting their thoughts, developed through discussions with colleagues and students, as well as correcting common misperceptions. Topics include the preceding financial panic, deregulation, the Troubled Asset Relief Program, the auto bailout, and the stimulus.