00:00    |    
Initial credits
00:06    |    
The debt spiral into depression
01:42    |    
Economic point of view of the financial crisis
Relative price adjustments
Market as a self-correction mechanism
The attempt to prevent recession creates financial crisis
04:41    |    
What produced the financial crisis in 2008?
05:10    |    
Economics: A coordination problem
06:57    |    
The role of property, prices, and profits
08:46    |    
Why the current financial crisis?
Personal experience in 1988
Experience 15 to 20 years later
What has changed through time?
The stakeholders of society
Lending to individuals that did not qualify for loans
15:59    |    
Monetary policy
Milton Friedman and his explanation of the Great Depression
Recession meant deflation
20:15    |    
Fiscal policy
The balanced budget according to Keynesians
23:02    |    
Regulation and policy direction
24:08    |    
How to fix things
Get the history right
Fix the incentives
Nothing is too big to fail
Fiscal responsibility
Sound money
36:53    |    
Question and answer period
Is there a difference between printing money and monetization?
Ludwig von Mises and the hyperinflation in Austria
The independence of the Central Bank
Argentine crisis
Private banks and government have benefits from money printing
Quote Boom, Bust and Political Business Cycles, Richard Wagner
Wall Street and the Federal Reserve
Quote What Has Government Done to Our Money?, Murray N. Rothbard
How can someone eliminate the incentives of people around the Federal Reserve?
How real is the possibility of auditing the Federal Reserve?
The government's juggling tricks
Do you think that institutions like the World Bank make the moral hazards of governments increase?
The loop on foreign aid
The International Monetary Fund and the Federal Reserve
How can schools in the United States still teach Keynesian theories?
Keynes is too convenient for the politics
The prediction of Keynes advisors
Do you believe people in the United States are lazy and give away freedom in order to be taken care of?
01:22:09    |    
Final words
01:23:00    |    
Final credits



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Thinking About the Financial Crisis

06 de junio de 2011   | Vistas: 10 |  

Peter Boettke discusses his ideas as to what caused the current financial crisis in the United States. He points out the monetary, fiscal, and regulation policies, among others, as the main causes for such crisis, commenting on the repercussions it has had for the citizens in that country and around the world. Boettke discusses with the students the difference between printing money and borrowing it, explaining who benefits from each activity. Finally, he comments on what the consequences of eliminating incentives for the Federal Reserve System would be like.




IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín

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