Various pundits and public figures have claimed that the recent financial crisis means ‘‘the end of libertarianism’’ or even more dramatically ‘‘the end of capitalism.’’ But the crisis can hardly be considered a failure of laissez-faire, deregulation, libertarianism, or capitalism, since it was caused by multiple misguided government interventions into the workings of the financial system. It was and is precisely a failure of interventionism.

Politicians like to ‘‘promise everybody everything’’—low interest rates, affordable mortgages, higher housing prices, lower gas prices, a chicken in every pot. That’s why it’s important to keep politics out of such matters.

More on Financial Crises and the Global Financial System

Commentary

Hank Greenberg’s AIG Case Might Not be Open and Shut

By Thaya Knight. Forbes. May 20, 2015.

The Brussels Elite’s Bizarre Euro Fixation

By Marian L. Tupy. National Review (Online). May 7, 2015.

Debunking the Myth of Economic Austerity in Europe

By Alan Reynolds. Investor’s Business Daily. May 5, 2015.

Cato Studies

The Limits of Model-Based Regulation

By Rainer Haselmann and Vikrant Vig. Research Briefs in Economic Policy No. 25. April 29, 2015.

The Role of Mortgage Finance in Financial (In)Stability

By Mark A. Calabria. Working Paper No. 23. September 12, 2014.

Math Gone Mad: Regulatory Risk Modeling by the Federal Reserve

By Kevin Dowd. Policy Analysis No. 754. September 3, 2014.

Articles

The Productivity Gap: Monetary Policy, the Subprime Boom, and the Post-2001 Productivity Surge

George Selgin, David Beckworth, and Berrak Bahadir. Journal of Policy Modeling. Vol. 37. No. 2. March 2015.

More Credit, More Money: Poland and the Euro-zone

Steve H. Hanke. Central Europe Digest. November 5, 2013.

Towards Sound Monetary Order

Dalibor Rohac. Economic Affairs. Vol. 31. No. 3. October 2012.

Public Filings

Financial Literacy: Empowering Americans to Prevent the Next Financial Crisis

By Mark A. Calabria. Testimony. April 30, 2012.

An Old Perspective on Asset Price Bubbles Policy

By William Poole. Testimony. April 8, 2011.

GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout

By Mark A. Calabria. Testimony. February 9, 2011.

Events

Emergency Economic Summit for Greece

Featuring . May 19, 2015. Policy Forum.

Wasting a Crisis: Why Securities Regulation Fails

Featuring Thaya Knight. May 13, 2015. Book Forum.

The Forgotten Depression: 1921: The Crash That Cured Itself

Featuring Jim Powell, Lawrence H. White, and George Selgin. November 18, 2014. Book Forum.

Speeches

Prescription for Economic Recovery

By William Poole. October 19, 2011.