Introduction

The conventional narratives about the financial crisis of 2008 are badly flawed, according to Cato's Norbert Michel. His new book, Why Shadow Banking Didn't Cause the Financial Crisis and Why Regulating Contagion Won't Help, aims to detail the evidence regarding shadow banking's role in the crisis. This is the Cater Dailing Podcast for Monday, February 13, 2023. I'm Caleb Brown.