According to the propagandists for our leviathan state, it isn’t due to any political mistakes, but just the awful greed of some capitalist pigs. If most people believe that, the state can actually take advantage of the crisis and expand further, just as Rahm Emanuel wants.
The truth, however, is that the crisis is due to nothing but politics, as Professor Steven Horwitz explains in this video of his recent talk at the Foundation for Economic Education.
