Fraud: Why the Great Recession?

The trailer for an upcoming Spanish documentary on the worldwide financial crisis and what caused it. It’s full of interviews with Austrian Economists from multiple countries and looks to be a legitimately factual and honest take on the issue. Great!

Free markets are not to be blamed for the Great Recession. On the contrary, its origins rest upon the deep government and central bank intervention in the economy. Through fraudulent mechanisms, this causes recurrent boom and bust cycles: bad policies create phases of “irrational exuberance”, which are then followed by economic recessions, a result that every citizen ends up suffering from.