Carmen Reinhart talked about the book she co-wrote, This Time Is Different: Eight Centuries of Financial Folly (Princeton University Press; October 1, 2009). In the book they argue that the 2008 economic collapse was not unique and present historical data to use as a guide toward solutions to the current economic problems. She also talked about how they came to write the book, before the current economic crisis, and what the book reveals about the crisis. She responded to questions from members of the audience.