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

Is China Cooling?

By Steve H. Hanke. Forbes.com. October 29, 2018.

10 Years Later, Assessing the Dangerous Legacy of TARP

By John A. Allison. Real Clear Markets. October 9, 2018.

Italy’s Not the New Greece. It’s the New Argentina.

By Alberto Mingardi. Politico Europe. October 1, 2018.

Cato Studies

FLOORED! How a Misguided Fed Experiment Deepened and Prolonged the Great Recession

By George Selgin. Working Paper No. 50. March 1, 2018.

Incarceration, Recidivism, and Employment

By Manudeep Bhuller, Gordon B. Dahl, Katrine V. Loken, & Magne Mogstad. Research Briefs in Economic Policy No. 85. September 21, 2017.

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.

Articles

The SAGE Encyclopedia of Business Ethics and Society: Dollarization

Steve H. Hanke. SAGE Publications., Inc.. May 23, 2018.

The SAGE Encyclopedia of Business Ethics and Society: Currency Boards

Steve H. Hanke. SAGE Publications., Inc.. May 23, 2018.

Measuring Venezuela’s Hyperinflation

Steve H. Hanke. Central Banking. March 2018.

Public Filings

Venezuela’s Tragic Meltdown

By Steve H. Hanke. Testimony. March 28, 2017.

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.

Cato Reviews & Journals

Lessons from the Financial Crisis

Policy Report. September/October 2018.

The Curse of the War on Cash

Lawrence H. White. Cato Journal. Spring/Summer 2018.

Some Thoughts on International Monetary Policy Coordination

Charles I. Plosser. Cato Journal. Spring/Summer 2018.

Events

36th Annual Monetary Conference: Monetary Policy 10 Years after the Crisis

Featuring Peter Goettler, George Selgin, James A. Dorn, Lydia Mashburn, Rep. Jeb Hensarling, Phil Gramm, Claudio Borio, Josh Zumbrun, Stephen D. Williamson, Peter Ireland, Tobias Adrian, Vincent R. Reinhart, Ylan Mui, Michael D. Bordo, Joseph E. Gagnon, David Beckworth, John A. Allison, Jeffrey M. Lacker, Scott Sumner, & Jeffrey Frankel. November 15, 2018. Conference.

Borrowed Time: Two Centuries of Booms, Busts, and Bailouts at Citi

Featuring James Freeman, Vern McKinley, Christy Ford Chapin, & George Selgin. September 24, 2018. Book Forum.

Financial Crisis and Reform: Have We Done Enough to Fix the Government-Sponsored Enterprises?

Featuring John A. Allison, Susan Wharton Gates, and Ike Brannon. June 15, 2017. Policy Forum.

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.