Shop all books by Tom Woods Ten years after the financial crisis of 2008, your friends are still saying the same thing: “Don’t you libertarians know the financial crisis was caused by deregulation?” It was not in any way caused by deregulation. We have to get this right, and we can’t let it pass. F.A. Hayek once noted how important history was to current events: if we misunderstand history, we’re going to do the wrong things in the present. So if we think the late nineteenth century was characterized by “monopolies” from which wise government officials rescued us (and, unfortunately, … Continue reading The Deregulation Bogeyman