Russ Roberts — Punching Back Twice as Hard
May 17, 2010 | Posted by Greg Ransom Russ Robert pushes back against Barack Obama and the leftist attack on market theory in an outstanding podcast explaining the foundations of the 2000-2010 boom & bust cycle. Roberts identifies government sponsored creditor bailouts as the central ultimate cause of the current boom and bust cycle, including within this cause the famed Greenspan Put — the assurance of a Keynesian monetary bailout for unsustainable creditor loans financing unsustainable capital investment bubbles in high tech, housing and elsewhere in the economy.
Categories: Bust of 2008, Greenspan, Keynes, Podcasts | 
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