What Caused the '08 Financial Crisis: Free Markets or Government?
Was the 2008 financial crisis caused by market distortions or market failure? Former CEO of BB&T Bank John Allison debates Moody's economist Mark Zandi.
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That was the topic of a public debated hosted by the Soho Forum in New York City on February 20, 2019. It featured John Allison, former CEO of BB&T Bank and former CEO and president of the Cato Institute, and Mark Zandi, the chief economist of Moody's Analytics. Allison argued that market distortions led to the financial crisis, and Zandi attributed the crisis to market failure. Soho Forum Director Gene Epstein moderated.
It was an Oxford-style debate, in which the audience votes on the resolution at the beginning and end of the event, and the side that gains the most ground is victorious. Allison prevailed by convincing about 10 percent of audience members to change their minds.
Today Allison is an executive in residence at the Wake Forest School of Business. He's author of The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope (McGraw-Hill, 2012). Zandi is the author of Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis.
The Soho Forum, which is sponsored by the Reason Foundation, is a monthly debate series at the SubCulture Theater in Manhattan's East Village.
Produced by Todd Krainin.
Music: "Modum" by Kai Engle is licensed under a CC-BY creative commons license.
Видео What Caused the '08 Financial Crisis: Free Markets or Government? канала ReasonTV
_____
Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magaz...
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at Apple Podcasts: https://goo.gl/az3a7a
Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.
_____
That was the topic of a public debated hosted by the Soho Forum in New York City on February 20, 2019. It featured John Allison, former CEO of BB&T Bank and former CEO and president of the Cato Institute, and Mark Zandi, the chief economist of Moody's Analytics. Allison argued that market distortions led to the financial crisis, and Zandi attributed the crisis to market failure. Soho Forum Director Gene Epstein moderated.
It was an Oxford-style debate, in which the audience votes on the resolution at the beginning and end of the event, and the side that gains the most ground is victorious. Allison prevailed by convincing about 10 percent of audience members to change their minds.
Today Allison is an executive in residence at the Wake Forest School of Business. He's author of The Financial Crisis and the Free Market Cure: Why Pure Capitalism is the World Economy's Only Hope (McGraw-Hill, 2012). Zandi is the author of Financial Shock: A 360º Look at the Subprime Mortgage Implosion, and How to Avoid the Next Financial Crisis.
The Soho Forum, which is sponsored by the Reason Foundation, is a monthly debate series at the SubCulture Theater in Manhattan's East Village.
Produced by Todd Krainin.
Music: "Modum" by Kai Engle is licensed under a CC-BY creative commons license.
Видео What Caused the '08 Financial Crisis: Free Markets or Government? канала ReasonTV
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