Did Crazy Financial Instruments Bring Down the Economy?

The conventional wisdom holds that mortgage-backed securities, credit-default swaps, and the like were responsible for the fragility, uncertainty, and ultimate collapse of 2008. Is that true? Professor Ed Stringham offers a revisionist account. Subscribe to the Tom Woods Show: https://itunes.apple.com/us/podcast/the-tom-woods-show/id716825890?mt=2
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