November 12, 2011

Lawrence H. White on Monetary Policy, Free Banking and the Financial Crisis

Lawrence H. White

Distinguished Senior Fellow, F. A. Hayek Program for Advanced Study in Philosophy, Politics and Economics

Lawrence White and Fritz Thomas have a conversation about the most relevant economic and financial topics currently impacting the world. They discuss the impact of Keynesian ideas on governments and the development of public and economic policies. White presents an analysis of the present economic crisis in the United States and the sovereign debt crisis in the European Union. He explains the origins of these financial debacles and proposes several solutions. Finally, White and Thomas comment on the idea of free banking, focusing on how this alternative could help solve and also prevent future financial crises.