The 2008 Financial Crisis: Crash Course Economics

The video explores the 2008 financial crisis, detailing how risky mortgage practices and financial instruments led to a housing bubble that burst, causing widespread economic turmoil. The government intervened with measures like TARP and Dodd-Frank to stabilize the economy and prevent future crises. Key lessons include understanding perverse incentives and moral hazards.

What is meant by the term 'moral hazard' in the context of the financial crisis?

Discuss the concept of 'too big to fail' and its implications.

What lessons can be learned from the 2008 financial crisis?

How did the financial crisis affect the global economy?