FAITH HAPPENS BOOKS

Tag: Politics

ON BANKERS AND BAILOUTS — A MORAL HAZARD WE HAVE TO LIVE WITH?

ON BANKERS AND BAILOUTS — A MORAL HAZARD WE HAVE TO LIVE WITH?

Summary:  The 2008 Financial Crisis demonstrated that the global economy depends upon world governments propping up the banking system with “mythical money” (dollars by fiat) and turning a blind eye to unimaginable bailouts when bank speculation drives the system over the cliff.  What did the 2008 bailout really cost the taxpayers?  Is it possible to […]