Should we have let the banks fail in 2008

by Russ Roberts on March 19, 2013

in Crony Capitalism, Financial Markets

My take is here. Lots of other views here. The last paragraph of my piece:

The coddling of creditors is the single most damaging policy mistake of the past three decades. If we can stop the cycle of creditor rescue, banks will shrink naturally and too-big-to-fail will no longer be relevant.

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