Peter Boettke discusses his ideas as to what caused the current financial crisis in the United States. He points out the monetary, fiscal, and regulation policies, among others, as the main causes for such crisis, commenting on the repercussions it has had for the citizens in that country and around the world. Boettke discusses with the students the difference between printing money and borrowing it, explaining who benefits from each activity. Finally, he comments on what the consequences of eliminating incentives for the Federal Reserve System would be like.
