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The Financial Crisis: What Happened and Why, Part 3

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 3 of 3)

Service: Spreaker
Publshed on: Mar 23, 2018
Duration: 01:31:26
Yaron Brook Lectures
Objectivist Conference Presentations

investing strategies, debt ratios, regulations, hedge funds, and capital
00:30 to 11:59
11.5 minutes
Community reinvestment
12:00 to 23:54
11.9 minutes
Q: What would Keynesian economics say about the 2008 financial crisis?
23:55 to 28:09
4.2 minutes
Q: Is there any Rationality in the Fed’s policies?
28:10 to 32:59
4.8 minutes
leverage and investment banking
33:00 to 38:29
5.5 minutes
38:30 to 52:39
14.2 minutes
Why Wall Street got bamboozled; rating agencies and other government activities
52:40 to 01:03:57
11.3 minutes
mathematical models and human decision making and judgment
01:03:58 to 01:10:09
6.2 minutes
history of American banking; especially under FDIC
01:10:10 to 01:13:59
3.8 minutes
Q: How much a factor does moral hazard play across the globe?
01:14:00 to 01:19:59
6.0 minutes
Uniform Principle: Introduction of Force destroys rationality
01:20:00 to N/A
11.4 minutes