On this episode of Liberty Curious, Kate Wand sat down with Paul Mueller, who recently joined AIER as Senior Research Faculty, to discuss the 2007-2008 Financial Crisis and its reverberation into our present day.

"Everything we're seeing around us is a fallout from that crisis." - Paul Mueller

Paul received his PhD in economics from George Mason University, and is the author of Ten Years Later: Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong.

They get into the mis-regulation, cronyism and fatal conceit that precipitated the crisis, how it was mismanaged by government and central banks, and then became the catalyst for a growing anti-capitalist sentiment that blames free markets for the failures of an increasingly controlled financial system and economy.

*** Please note that the opinions expressed in this podcast are solely those of the host and her guests. They do not necessarily reflect the views of the American Institute for Economic Research. The content presented in this show is intended for educational purposes only, and should not be considered as financial advice. ***

aier.org/podcasts

Paul Mueller's book: https://www.amazon.com/Conventional-Wisdom-about-Financial-Crisis/dp/1527519236/ref=sr_1_1?crid=VGKBR6GSB0LB&keywords=paul+mueller+financial+crisis&qid=1694349635&s=books&sprefix=paul+mueller+financial+crisis%2Cstripbooks-intl-ship%2C130&sr=1-1

https://www.aier.org/people/paul-mueller/

0:00 - Intro

1:58 - A Generation-Defining Event

6:22 - The Fed's Historical Role

10:47 - Political Pressures

15:20 - Mis-regulation

22:27 - The Bank of International Settlements

25:30 - Fatal Conceit

30:22 - The American Dream

35:16 - Wealth & Income Inequality

40:30 - Low Interest Rates Benefits Government

44:23 - How Did the Crisis Unravel?

49:46 - What Happens Next?

54:30 - The Third Mis-regulation

57:21 - Reverberation Into Today

59:40 - Conditioning for Economic Intervention

1:05:58 - Market Solutions

1:10:28 - How to Get Out of The Cycle

1:14:33 - Free Up Markets or Great Reset?

1:18:05 - Last Thoughts

aier.org/podcasts