Gambling with Other People's Money : How Perverse Incentives Caused the Financial Crisis (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.

Product details

• Format Paperback | 112 pages
• Dimensions 140 x 216 x 10mm | 158.76g
• Publication date 30 Jan 2019
• Publisher Hoover Institution Press,U.S.
• Publication City/Country Stanford, United States
• Language English
• Edition Statement None
• ISBN10 0817921850
• ISBN13 9780817921859
• Bestsellers rank 2,160,221

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