9780817921859-0817921850-Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis

Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis

ISBN-13: 9780817921859
ISBN-10: 0817921850
Edition: First Hoover Institution Press edition
Author: Roberts, Russ
Publication date: 2019
Publisher: Hoover Institution Press
Format: Paperback 112 pages
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Book details

ISBN-13: 9780817921859
ISBN-10: 0817921850
Edition: First Hoover Institution Press edition
Author: Roberts, Russ
Publication date: 2019
Publisher: Hoover Institution Press
Format: Paperback 112 pages

Summary

Acknowledged authors Roberts, Russ wrote Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis comprising 112 pages back in 2019. Textbook and eTextbook are published under ISBN 0817921850 and 9780817921859. Since then Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis textbook was available to sell back to BooksRun online for the top buyback price or rent at the marketplace.

Description

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.

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