Epstein Blames Recession on Bad Government Regulation
The Hoover Institution - Hoover Institution
Richard Epstein and John Taylor reflect on the global economic crisis of 2008 and discuss why the Keynesian narrative of events fails to identify and explain the causes at the root of the crisis. Epstein and Taylor evaluate the government responses to the crisis, assessing the effectiveness of TARP and President Obama's stimulus legislation.Finally, Epstein and Taylor lay out the future steps that government must take to ensure recovery and growth. Key among them: "Don't raise taxes."