Gambling with Other People's Money: How Perverse Incentives Caused the Financial Crisis Volume 692 (Paperback) (ISBN-13: 9780817921859)

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.

Author: Russ Roberts
ISBN-10: 0817921850
ISBN-13: 9780817921859
Publisher: Hoover Institution Press
Language: English
Published: 01/01/2019
Pages: 112
Format: Paperback
Weight: 0.35lbs
Size: 8.40h x 5.50w x 0.40d