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."

Professor Peter Boettke talks to students attending FEE summer seminars in 2006 about the past, present and future of Austrian Economics. For more information visit http://fee.org/ -- [Uploaded using YT-Splitter] http://in20s.com/YTSplitter/