In this superb new video – which is just under six-minutes long – the Manhattan Institute’s Nicole Gelinas explains the relevant, bailout-bloated history behind the 2008 financial crisis. Contrary to popular myth, the chief cause of this crisis was not banks and other financial institutions being too free of the oversight of government regulators but, rather, banks and other financial institutions operating with perverse incentives created by myopic government officials.
[youtube GT1WqIkg9es nolink]
