The moral hazard of central banking

posted by
February 15, 2011
Vince's Economic Blog
by Cristian Gherasim  
Posted in Commentary

"Virtually all economists agree on the proximate cause of the current financial world crisis: institutionalized moral hazard in the financial industries. Banks and other firms operating as financial intermediaries have a tendency to behave irresponsibly." (02/15/11)  

Our Sponsors