Gene Epstein comments on the Great Recession of the United States during the years of 2008 and 2009, a subject he has studied closely. He tells a story and sets various examples to explain what caused the recession and its aftermath. Epstein defines important concepts to guarantee a better understanding on the subject and analyzes the problem from the Austrian perspective. Afterwards, he describes the three main factors, that according to him, are responsible for the 2008-2009 meltdown, and concludes talking about possible solutions to improve the United States economy and explaining his proposal for a radical reform.