Risk and Contingency
Russ discusses the importance of contingency plans and the risks of everyone executing them simultaneously, both in the private and public sectors. He highlights the systemic nature of the financial crisis and the destabilizing effects of low down payment mortgages.In this clip
From this podcast
EconTalk
Arnold Kling on Freddie and Fannie and the Recent History of the U.S. Housing Market
Related Questions
What caused the 2008 financial crisis as discussed in the episode Russ Roberts on the Crisis and the clip Uncovering the Mortgage Market?
What caused the 2008 financial crisis as discussed in the episode Russ Roberts on the Crisis and the clip Uncovering the Mortgage Market?
What caused the 2008 financial crisis as discussed in the episode Russ Roberts on the Crisis and the clip The Collapse's Underlying Causes?