Today's crises arise from yesterday's solutions. When examined closely we find that nearly all economic "crises" occur as the result of previous solutions to "problems" in markets.
Economic crises seem to occur with significant regularity. The topic of economic crises takes up a lot of media time these days. So I will devote space here to discussing the whys and wherefores of economic crises.
The Fraud Enforcement and Recovery Act of 2009 created the Financial
Crisis Inquiry Commission (FCIC) to find the causes of the financial
crisis of 2008. They have started the process, however, by looking in
all the wrong places. I wrote this paper to guide them (or any reader)
to understanding the real source of the problem.