There are a lot of theories about what caused the current recession. The prevailing theory, unfortunately, is that the sole cause of the recession is that businesses were deregulated, left to their own devices, and ended up destroying themselves.
This is wrong.
This video explains why the housing bubble would not have happened if it weren't for the Federal Reserve.
This lecture is presented by Tom Woods, author of the NYT Bestseller "Meltdown." He does a really good job of making it fun and understandable for people who aren't familiar with economic terminology.
Occupation: Daniel is Medical Resident from the southwest US. Prior to medicine, he worked in IT as a consultant, programmer, web designer/developer, and technician.
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