The Financial Crisis: What Happened and Why
Over the last two years, we have experienced a devastating financial and economic crisis. Mainstream media and mainstream economists have blamed the crisis on a failure of “free markets.” This series of lectures, delivered at Objectivist Summer Conference 2009 in Boston, Massachusetts, 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 places special emphasis on illustrating how this crisis is an example of the Austrian economists’ business cycle theory. This course does not presuppose any specialized knowledge of economics.