Description
What caused the Financial Crisis of 2008? While government mandates and private sector mistakes did contribute to the crisis and can be blamed at least in part for what happened, this book takes a different approach. Russ Roberts argues that the true underlying cause of the mess was the past bailouts of large financial institutions that allowed these institutions to gamble carelessly because they were effectively using other people's money.
The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate 'Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.
About the Author
Russ Roberts is the John and Jean De Nault Research Fellow at Stanford University's Hoover Institution. He is the host of the podcast, EconTalk.
Book Information
ISBN 9780817921859
Author Russ Roberts
Format Paperback
Page Count 112
Imprint Hoover Institution Press,U.S.
Publisher Hoover Institution Press,U.S.
Weight(grams) 154g
Dimensions(mm) 216mm * 140mm * 10mm
The author warns that despite the passage of Dodd-Frank, it is widely believed that we have done nothing to eliminate 'Too Big to Fail.' That perception allows the largest financial institutions to continue to gamble with taxpayer money.
About the Author
Russ Roberts is the John and Jean De Nault Research Fellow at Stanford University's Hoover Institution. He is the host of the podcast, EconTalk.
Book Information
ISBN 9780817921859
Author Russ Roberts
Format Paperback
Page Count 112
Imprint Hoover Institution Press,U.S.
Publisher Hoover Institution Press,U.S.
Weight(grams) 154g
Dimensions(mm) 216mm * 140mm * 10mm
