Governments have tried to hold the financial crisis at bay by bailing out insolvent banks and other firms. The present lecture gives an overview of the main bailout techniques, some of which are currently being applied in the US and the Eurozone. We also question the rationale of bailouts and highlight the market alternative. The lecture is open to all audiences. We presuppose some basic acquaintance with the mechanics of balance sheets.
- Rationale of Bailouts
- Artificial Markets
- Fictional Accounting
- Currency Reforms
This webinar will be from 12:00 pm – 1:30 pm Eastern on July 25. A message with details on joining the session will be sent to enrolled students before the event.
Jörg Guido Hülsmann
Dr. Hülsmann is a professor of economics at the University of Angers in France. He has edited six books and is the author of The Ethics of Money Production (German translation: Ethik der Geldproduktion), ofOrdnung und Anarchie, and of Mises:The Last Knight of Liberalism. He has translated several renowned economics books into German and written many articles in English, French, and German. He is a contributor to scholarly journals such as the Quarterly Journal of Austrian Economics, The Independent Review, Procesos de Mercado, and the Journal of Markets and Morality, as well as to magazines and newspapers such as La Tribune (France), Finanz und Wirtschaft(Switzerland), Le Temps (Switzerland), Wiener Zeitung (Austria), andeigentümlich frei (Germany). Professor Hülsmann is the director of theAustrian Research Seminar in Paris. You can reach him firstname.lastname@example.org, and visit his website,www.guidohulsmann.com.
View his entire vita in pdf