Russ Roberts — Punching Back Twice as Hard

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.

This entry was posted in Bust of 2008, Greenspan, Keynes, Podcasts. Bookmark the permalink.