Ritholtz on Bailouts, the Fed, and the Crisis

Barry Ritholtz, author of Bailout Nation, talks with host Russ Roberts about the recent history of bailouts, beginning with Lockheed and Chrysler in the 1970s and continuing through the current financial crisis. In addition to the government role in aiding ailing companies, Ritholtz looks at the role of the Fed in discouraging prudence through its efforts to keep asset prices and the stock market at high levels. The conversation closes with a discussion of what Ritholtz has learned from the crisis.