Like a cable-news junkie, he skips past volumes of rigorous scholarship and comes to rest on almost anything that supports his convictions.
This is particularly true in Ridley’s economics chapters. His theory of the 2008 financial crisis — that it was caused mainly by federal government policy — draws largely on the work of one conservative economist, Peter Wallison of the American Enterprise Institute, whose theories are, to put it mildly, not widely shared in the field.
Peter Wallison, who was in the Ronald Reagan Administration, is the Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute (AEI). All of his work can be found here.