How Flawed Assumptions Led to Economic Collapse
|Running Time: 171 seconds
||Published: 2011-01-20 10:56:29
In explaining what's wrong with the U.S. economy, Peter Thiel points out that, although we have benefited from growth that is both extensive (e.g., free trade) and intensive (e.g., technology), we have not featured enough of each.He asserts that the credit crisis of 2008 has nothing to do with the failings of the free market but rather is a by-product of government entanglement, nurtured by the motors of economic growth working less well than expected.
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