Make Banks Bear the Moral Hazard, but Not Yet

Dalrymple is no great admirer of the Western world’s large banks, believing they have in essence attained “the power of blackmail over governments and peoples”, but he also doesn’t relish the possibility, perhaps increasingly plausible, of a forthcoming banking apocalypse. “Hatred or its little brother, exasperation, are no guide to policy.”

Read the piece at the Library of Law and Liberty

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