The 2008 Financial Crisis was caused not by the free-market, but by government intervention in the marketplace.
DepressionsGreat depressions are caused by the government’s monopoly on money, and central banking, and not by capitalism and the free-market.
The government’s Great Intervention into the economy was the cause of the Great Depression of the 1930s.
Inflation is the general increase in prices caused by a government currency monopoly increasing (inflating) the money supply with fiat ‘money’ (money not backed by actual physical wealth).
The economy crippling, nationwide cycles of “booms” followed by “busts” are the result of the only agency that has the power to act on a nationwide scale: the government.
How state currency monopolies tend to promote booms and busts.
Tariff Act of 1930 led to the reduction of American exports and thus jobs.