I like her honesty up till the end. She’s ignorant or disingenuous by calling the busts of times past cycles. If you look at the controlable events (government regulations, both statewise and nationally) and uncontrolable events (gold rush, etc.) you can find the causes. Those events which corrected quite quickly relative to everything since the Great Depression. Creating a system which creates a small (usually) stimulator (FRS, FDIC) and adds governors (regulations) which causes a true cycle and lengthens the periods between natural corrections by pushing through bad investments is not a solution. It’s a system which can not work. It is fundimentally flawed. It ignores human nature, distorts incentives, creates moral hazards, destroyes natural regulation, removes personal responsibility and risk, and allows the biggest debter, government, to get away with far more than they should if the current subjects had to pay rather than their great grand children. It doesn’t take a reading of Human Action to figure out the results of such policy… just to sit down and follow the chain of causation.