October 13, 2023 Reading Time: < 1 minute

On this episode of Liberty Curious, Kate Wand sat down with Paul Mueller, who recently joined AIER as Senior Research Faculty, to discuss the 2007-2008 Financial Crisis and its reverberation into our present day. “Everything we’re seeing around us is a fallout from that crisis.”

Paul Mueller received his PhD in economics from George Mason University, and is the author of Ten Years Later: Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong. They get into the mis-regulation, cronyism and fatal conceit that precipitated the crisis, how it was mismanaged by government and central banks, and then became the catalyst for a growing anti-capitalist sentiment that blames free markets for the failures of an increasingly controlled financial system and economy.

Use these time stamps to navigate the interview:

0:00 – Intro
1:58 – A Generation-Defining Event
6:22 – The Fed’s Historical Role
10:47 – Political Pressures
15:20 – Mis-regulation
22:27 – The Bank of International Settlements
25:30 – Fatal Conceit
30:22 – The American Dream
35:16 – Wealth & Income Inequality
40:30 – Low Interest Rates Benefits Government
44:23 – How Did the Crisis Unravel?
49:46 – What Happens Next?
54:30 – The Third Mis-regulation
57:21 – Reverberation Into Today
59:40 – Conditioning for Economic Intervention
1:05:58 – Market Solutions
1:10:28 – How to Get Out of The Cycle
1:14:33 – Free Up Markets or Great Reset?
1:18:05 – Last Thoughts

Learn more about Paul and his work here.

Enjoy all our podcast offerings at www.aier.org/podcasts

Kate Wand

Kate Wand is a content creator. Her focus is social commentary and filmmaking. She is the host of AIER’s Liberty Curious podcast.

You can follow her on Twitter @katewand.

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Paul Mueller

Paul Mueller is a Senior Research Fellow at the American Institute for Economic Research. He received his PhD in economics from George Mason University. Previously, Dr. Mueller taught at The King’s College in New York City.

His academic work has appeared in many journals including The Adam Smith ReviewThe Review of Austrian Economics, and The Journal of Economic Behavior and OrganizationThe Journal of Private Enterprise, and The Quarterly Journal of Austrian Economics. He is also the author of Ten Years Later: Why the Conventional Wisdom about the 2008 Financial Crisis is Still Wrong with Cambridge Scholars Publishing.

Dr. Mueller’s popular writing has appeared in USA Today and Fox News, as well as the Intercollegiate ReviewChristian HistoryAdam Smith Works, and Religion and Liberty, among others.

Dr. Mueller has given talks and led colloquia for a variety of organizations including Liberty Fund, the Institute for Humane Studies, the Intercollegiate Studies Institute, and the Russell Kirk Center for Cultural Renewal.

Dr. Mueller is also a Research Fellow and Associate Director of the Religious Liberty in the States project at the Center for Culture, Religion, and Democracy. He owns and operates a bed and breakfast (The Abbey) in Leadville, Colorado where he lives with his wife and five children.

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