Hayek said that if we misunderstand history and draw the wrong lessons from it, we will make the wrong decisions in the present. This is why even now, over a decade later, it is still essential that we understand and communicate the true causes of the crisis of 2008. In this episode I talk to Jimmy Morrison, with whom I share a writing credit on the new documentary The Housing Bubble. The story behind it is almost as interesting as the crisis itself.
Thomas E. Woods, Jr., is the 2019 winner of the Hayek Lifetime Achievement Award from the Austrian Economics Center in Vienna. He is a senior fellow of the Mises Institute and host of The Tom Woods Show, which releases a new episode every weekday. Visit https://tomwoods.com