Who was responsible for the 2008 crash? "The Decline and Fall of the U.S. Economy: How Liberals and Conservatives Both Got It Wrong" makes it clear that both parties were at faul--and explains how and why. This broad and far-reaching book is the first to analyze the crash from the perspective of evolution, or "punctuated equilibrium." As it explains, the punctuated boom brings on change, the bust leads back to a tightly constrained equilibrium. Both conditions pose risks and both--as William McDonald Wallace argues--can be managed to reduce the odds that economic imbalances will arise....