Acton Lecture Series (October 7, 2009) - Dr. Woods discusses his diagnosis of the crisis and proposed solutions and how these are close to the opposite of the conventional wisdom, which blames the meltdown on the free market and "greed." He also shows that there are indeed moral failings at the heart of the crisis, but that blaming mere "greed" leaves us to wonder why bouts of greed should appear only in sudden, cyclical clusters.