I.O.U.: Why Everyone Owes Everyone and No One Can Pay

Part economic primer, part fiscal and historical analysis, New Yorker and London Review of Books contributor John Lancaster offers his brilliantly witty, succint overview of the current financial crisis.

For most people, the reasons for the sudden collapse of our economy remain obscure. I.O.U. is the story of how we came to experience such a complete and devastating financial implosion, and how the decisions and actions of a select group of individuals had…