The Fed's Role
Lawrence and Russ discuss the role of the Federal Reserve in the 2008 financial crisis, examining the interaction between housing and monetary policies. They explore how the Fed's actions contributed to the housing bubble and the subsequent collapse of the economy, emphasizing the importance of understanding the common signals that drive widespread behavior. Lawrence also raises concerns about the Fed's lack of constraint and its impact on democracy and capitalism.In this clip
From this podcast
EconTalk
Lawrence H. White on Monetary Constitutions
Related Questions
What caused the 2008 financial crisis as discussed in the episode Robert Shiller on Housing and Bubbles and the clip The Housing Bubble as well as in the episode Russ Roberts on the Crisis and the clip Uncovering the Mortgage Market?
What caused the 2008 financial crisis as discussed in the episode John Taylor on the Financial Crisis and the clip Monetary Policy Impact of the Russ Roberts podcast?
What caused the 2008 financial crisis as discussed in the episode Russ Roberts on the Crisis and the clip Uncovering the Mortgage Market?