Government and the financial sector

posted by
June 8, 2011
by Arnold Kling  
Posted in Commentary

"My problem with the large financial sector is the inevitable cozy relationship between banks and government. Michael Hudson, quoted above, takes a left-populist stance against banks. He takes a simplistic view of the problem, thinking that banks are bad and government is good. In my view, the cozy relationship between government and big banks has a natural logic. You have to worry about it at all times, not just wait until the crisis comes." (06/07/11)  

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