The primary cause for the 2008-09 financial crisis, and for our ongoing economic woes, is government policy. Financial services is the most regulated industry in the world. As a result, the industry has performed poorly. Government regulations created incentives for massive misinvestment. When the "bubble" burst, millions of jobs were destroyed and tremendous wealth evaporated.
Mr. Allison claims that the fundamental cause of the financial crisis is not economic but philosophical. The cure is also philosophical.
FEE president Lawrence W. Reed, who will moderate the webinar, wrote about the book: "If you only read one explanation of the Great Recession, make it this one."
Dr. Israel Kirzner discusses entrepreneurship with students attending Advanced Austrian Economics. For more information about this seminar go to http://fee.org/advanced-austrian-economics/
This week, in honor of International Women's Day, Antony & James discuss the strong correlation between economic freedom and gender equality found across the world. They argue that if you want to see a world of increasing equality and opportunity for women, you also want to free the economy from central planning and control.
We're also excited to announce that we now have an audio-only version of the Words & Numbers podcast that you can currently listen and subscribe to at https://soundcloud.com/words-and-numbers. The podcast will also be available directly on iTunes as soon as we get approved.
We'll keep you posted!
Learn More:
https://fee.org/articles/women-prosper-when-markets-are-free/
https://www.wsj.com/articles/antony-davies-and-james-r-harrigan-for-gender-equality-you-cant-beat-capitalism-1425684094
Doug Bandow, senior fellow at the Cato Institute, explains how to fix healthcare in the United States.
This lecture was given during the 2011 Summer Seminars at the Foundation for Economic Education.
Dr. Ed Lopez, associate professor of economics at San Jose State University, gives an introduction to business cycles at the 2011 Summer Freedom University: History seminar.
Find out more about Business Cycles at fee.org