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.

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Our efforts to raise funds from the capitalists was a failure. Evidently, the capitalists did not have an interest in the intellectual defense of capitalism. — F. A. Hayek

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