The Magazine

Pick Yourself Up

America as the land of the second chance.

Jul 14, 2014, Vol. 19, No. 41 • By MICHAEL M. ROSEN
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McArdle’s prose falters at times, drifting toward truisms in a somewhat muddled chapter on blame, the mortgage meltdown, and 9/11 truthers. But overall, her common-sense approach enlightens and enlivens the complex issues she examines. Ultimately, what she writes about bankruptcy applies with equal vigor to the project of American market-based capitalism, the preeminent force for global good: “By shielding entrepreneurs from catastrophic results, we free them to take more risks—the good kinds of risks that have made America one of the most dynamic economies in the history of the world.”

Michael M. Rosen is an attorney in San Diego.