IMF Book Forum: "Lost Decades: The Making of America's Debt Crisis and the Long Recovery"

IMF Book Forum Video and transcript on Lost Decades: The Making of America's Debt Crisis and the Long Recovery.
Menzie Chin says "...a lot of the ideas that we have here, I think, resonate strongly with Professor Akerlof’s paper with Paul Romer about how distortions in one part of the economy, particularly incentives to extract or loot, can distort a whole financial and economic system." George Akerlof and Paul Romer paper:
Looting:The Economic Underworld of bankruptcy for Profit