Fundstrategy: The next crisis: coming soon

Were you unnerved by the recent financial crisis? Well another one is coming soon and it is likely to be far worse.That at least is the message of Overdose: the next financial crisis, a documentary written by Martin Borgs and Johan Norberg, two free marketeers. Given that free market economists are in a small minority, whatever the proponents of “new economics” claim, it is particularly interesting to hear their viewpoint. The basic thesis is that government created a financial bubble which caused the 2008 meltdown and now is creating an even bigger one. Stimulus packages, in this view, are like giving alcohol to a drunk. They may make individuals feel better in the short term but they only make matters worse.