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The Financial Crisis: What Happened and Why, Part 2

Mainstream media and mainstream economists have blamed today's financial crisis on a failure of "free markets." This course sets the record straight.

Dr. Brook describes the actual evolution of the crisis, from the government policies that gave rise to it to the unprecedented expansion of government control over the economy that has followed. He describes the respective roles of the Federal Reserve, government housing policy, and regulation of financial markets in creating the crisis. Dr. Brook places special emphasis on illustrating how this crisis is an example of the Austrian economists' business cycle theory.

Dr. Brook's powerful conclusion is that the financial crisis, in all its complexity, is at root the product of government force.

This course was recorded at the 2009 Objectivist Summer Conference in Boston, MA. (Part 2 of 3)

Service: Spreaker
Publshed on: Mar 22, 2018
Duration: 01:28:03
Yaron Brook Lectures
Objectivist Conference Presentations

importance of interest rates; Alan Greenspan & Ben Bernanke at the Fed
00:30 to 29:59
29.5 minutes
Supply & Demand in home prices and the Austrian Business Cycle
30:00 to 41:14
11.2 minutes
government intervention in housing
41:15 to 01:04:34
23.3 minutes
Q: How much fraud mal-investment was and is going on in housing markets?
01:04:35 to 01:07:11
2.6 minutes
Tax and other government policies since 1914
01:07:12 to 01:13:59
6.8 minutes
Freddie and Fannie
01:14:00 to 01:18:59
5.0 minutes
Subprime loans by Fannie and Freddie under Bush
01:19:00 to 01:26:02
7.0 minutes
Q: How much lobbying is done by lending firms?
01:26:03 to N/A
2.0 minutes