Banking and History
The discussion dives into the historical context of banking regulations during the Great Depression, highlighting the tension between deposit insurance and the risks it poses. Insights reveal how political coalitions influenced banking decisions, with key figures opposing and supporting reforms. The conversation also touches on the unintended consequences of protecting banks, emphasizing the moral hazard problem that arises when risk is mitigated.In this clip
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EconTalk
Charles Calomiris and Stephen Haber on Fragile by Design
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