Part 1 of 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.

(MP3 download; 4 hrs, 29 min., with Q & A, 193.28 MB)

Like what you hear?  Become a member, get exclusive ad-free content and support the creation of more podcasts like this! https://www.patreon.com/YaronBrookShow or support the show direct through PayPal: paypal.me/YaronBrookShow.

Continue the discussions anywhere on-line after show time using #YaronBrookShow. Connect with Yaron via Tweet @YaronBrook or follow him on Facebook @ybrook and YouTube (/YaronBrook).

Want more? Tune in to the Yaron Brook Show on BlogTalkRadio (www.blogtalkradio.com/yaronbrook) or YouTube (https://www.youtube.com/user/ybrook) for on-demand shows. 

Want to learn more about Objectivism? Check out ARI at https://ari.aynrand.org.