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Doing Business Data Form 2011

2011-2025 Form

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Translator: Queenie Lee Reviewer: Peter van de Ven I'm about to tell you some unconventional wisdom, alright? I called my talk today "The real truth about the 2008 financial crisis." So, I guess what I ask you to do this morning is to think about what you believe what the conventional wisdom is about 2008, and I'm going to put some words in your mind or describe it this way, and that is most people believe that the free-market capitalist system, especially bankers, are greedy, they go through periods of excess speculation, and then the world collapses and the government has to come in and save us. By the way, this is the story that was told about the Great Depression, and it is also the story that is told about the 2008 financial crisis. Now, before I get into the meat of my presentation, I want you to think about something else, and that is that the Federal Reserve controls the level of short-term interest rates in our economy. Everybody knows that to

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