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The Greatest Cover-Up In Economic History: How Washington Hid Its Role In The 2008 Crash

The Greatest Cover-Up In Economic History: How Washington Hid Its Role In The 2008 Crash Authored by Kevin Villani via Mises Institute, The commentary in a recent Wall Street Journal by Senator Phil Gramm and Representative Jeb Hensarling did the nation an immense service by dismantling the persistent myth that private market greed and financial deregulation caused the 2008 financial crisis. As they rightly pointed out, inflation-adjusted mortgage rates during the bubble era were historically high, and financial institutions were suffocating under increasingly strict federal mandates, not running wild in a...
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