Not Guilty as Charged: The Foolish Attempt to Blame the Free Market for the Economic Collapse

Tags: Austrian Economics Overview, Free Markets

02/10/2009 Thomas E. Woods, Jr.

Presented at Penn State University on 4 February 2009. Sponsored by the PSU College Libertarians and the Department of Economics.

The Mises Institute is a non-profit organization that exists to promote teaching and research in the Austrian School of economics, individual freedom, honest history, and international peace, in the tradition of Ludwig von Mises and Murray N. Rothbard.

Non-political, non-partisan, and non-PC, we advocate a radical shift in the intellectual climate, away from statism and toward a private property order. We believe that our foundational ideas are of permanent value, and oppose all efforts at compromise, sellout, and amalgamation of these ideas with fashionable political, cultural, and social doctrines inimical to their spirit.