The House that Uncle Sam Built

This is an excellent overview of the politicized economics, by Peter Boettke and Steven Horwitz, along with an introduction by the excellent John Allison. The abstract:

“The Great Recession (or the Great Hangover) that began in 2008 did not have to happen. Its causes and consequences are not mysterious. Indeed, this particular and very painful episode affirms what the best nonpartisan economists have tried to tell our politicians and policy-makers for decades, namely, that the more they try to inflate and direct the economy, the more damage the rest of us will suffer sooner or later. Hindsight is always 20-20, but in this instance, good old-fashioned common sense would have provided all the foresight needed to avoid the mess we’re in.
“In this essay, we trace the path of the recession from its origins in the housing market bubble to the policies offered to cure the aftermath.”

Here is a direct link to the PDF of the article at the Foundation for Economic Education’s site.