A panel discussion of the roots of the financial crisis (“The Fed,” “Fannie Mae,” “Freddie Mac,” “Community Reinvestment Act”)
I got in at 5:30 am to Beijing, got to the Friendship Hotel, and then gave a talk on “The Impact of Global Financial Crisis on Economic and Capital Freedom” (mainly about the contributing factors to the crisis — the Fed, Fannie Mae, FHA, Freddie Mac, etc. — and the bad policy choices that are likely to follow) this afternoon at 1:30 pm at the Renmin University conference on “Global Financial Crisis and Capital Freedom in China.”
Tomorrow will start the conference on “Thirty Years of Reform: China’s Path to Harmonious Development.” It’s got some very high level speakers and will unveil the Working Papers from Cato’s nine Working Groups. More later….