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

Dear Pound Sterling Investors, Keep Calm and Carry On

By Tom Clougherty. The Hill (Online). January 12, 2017.

The Case for Currency Substitution in Venezuela

By William J. Luther and Guillermo Garcia Montenegro. Forbes. January 11, 2017.

Currency Bans Benefit Bitcoin and the Like

By James A. Dorn. The Hill (Online). December 28, 2016.

Cato Studies

Political Borders and Bank Lending in Post-Crisis America

By Matthieu Chavaz and Andrew K. Rose. Research Briefs in Economic Policy No. 67. January 11, 2017.

The Repeal of the Glass-Steagall Act: Myth and Reality

By Oonagh McDonald. Policy Analysis No. 804. November 16, 2016.

Does the Geographic Expansion of Banks Reduce Risk?

By Martin Goetz, Luc Laeven, and Ross Levine. Research Briefs in Economic Policy No. 59. August 31, 2016.

Articles

Venezuela Enters the Record Book: The 57th Entry in the Hanke-Krus World Hyperinflation Table

Steve H. Hanke and Charles Bushnell. Studies in Applied Economics. No. 69. December 2016.

Remembrances of a Currency Reformer: Some Notes and Sketches of the Field

Steve H. Hanke. Studies in Applied Economics. No. 55. June 202016.

Story of a Failure

Steve H. Hanke. OMFIF Ltd. August 4, 2015.

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.

Cato Reviews & Journals

The Government Is Lousy at Lending

Ike Brannon. Regulation. Fall 2016.

The G20 and Global Governance

Stephen Kirchner. Cato Journal. Fall 2016.

Interest on Reserves and the Fed’s Balance Sheet

John B. Taylor. Cato Journal. Fall 2016.

Events

34th Annual Monetary Conference

Featuring James A. Dorn, James Grant, John A. Allison, Gerald P. O'Driscoll Jr., Kevin Dowd, Thomas Hoenig, Athanasios Orphanides, H. Robert Heller, Daniel L. Thornton, Tyler Goodspeed, George Selgin, Jerry L. Jordan, Steve H. Hanke, Walker F. Todd, & Phil Gramm. November 17, 2016. Conference.

Iceland’s Retreat from Financial Markets

Featuring Ike Brannon and Mark A. Calabria. November 7, 2016. Policy Forum.

Monetary Rules for a Post-Crisis World

Featuring John B. Taylor, Mark A. Calabria, Scott Sumner, Walker F. Todd, David Beckworth, & George Selgin. September 7, 2016. Conference.

Speeches

The Imperative for Financial Reform in Brazil

By Mark A. Calabria. August 10, 2016.

Sound Money, Freedom, and Prosperity

By James A. Dorn. April 25, 2015.

Prescription for Economic Recovery

By William Poole. October 19, 2011.