October 17th, 2008
After the Treasury Department’s proposal for $700 billion to buy up the distressed assets in the financial system was approved by Congress, the markets continued their historic free-fall. Find out why this solution was the only one considered in Washington, as we explore the root causes of the crisis as well as innovative new solutions. First we’ll talk with a former Assistant Secretary of the Treasury to learn how we got into this national financial donnybrook. Then, hear from an economist who has an alternative solution that offers to cost taxpayers far less and reduce the risk of moral hazard.
Listen to the Full Episode | Download MP3
Part 1: Paul Craig Roberts, Father of “Reagenomics”
Part 2: Luigi Zingales, University of Chicago Graduate School of Business
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