Gambling with Other People's Money

How Perverse Incentives Caused the Financial Crisis

Business & Finance, Finance & Investing, Banks & Banking, Economics
Cover of the book Gambling with Other People's Money by Russ Roberts, Hoover Institution Press
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Russ Roberts ISBN: 9780817921866
Publisher: Hoover Institution Press Publication: January 1, 2019
Imprint: Hoover Institution Press Language: English
Author: Russ Roberts
ISBN: 9780817921866
Publisher: Hoover Institution Press
Publication: January 1, 2019
Imprint: Hoover Institution Press
Language: English

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.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

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.

More books from Hoover Institution Press

Cover of the book Political Institutions and Economic Growth in Latin America by Russ Roberts
Cover of the book Bringing in a New Era in Character Education by Russ Roberts
Cover of the book More Liberty Means Less Government by Russ Roberts
Cover of the book Blueprint for America by Russ Roberts
Cover of the book School Reform by Russ Roberts
Cover of the book The Myth of the Great Satan by Russ Roberts
Cover of the book Moscow has Ears Everywhere by Russ Roberts
Cover of the book Spin Wars and Spy Games by Russ Roberts
Cover of the book Eyes, Ears, and Daggers by Russ Roberts
Cover of the book Game Changers by Russ Roberts
Cover of the book The Wave by Russ Roberts
Cover of the book Constitutional Conservatism by Russ Roberts
Cover of the book The Historical Performance of the Federal Reserve by Russ Roberts
Cover of the book Burden of Empire by Russ Roberts
Cover of the book Lenin and the Twentieth Century by Russ Roberts
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy