Excerpt:
At an international studies seminar, Professor Donald Frey walked the audience through the entire history of the U.S. financial crisis of 2008. Specifically, his lecture gave the audience a better sense of how events, as far back as the late 1970s, shaped the mentality of those in government to react slowly or poorly to the approaching crisis. In addition, he explained in depth how an unwatched and unregulated system went off the rails much as it did during the Great Depression of the 1920s.
