VIP
This Woman Just Got Married – but Her New Husband Isn't Real
VIP
The Injustice System Causes Nothing But Trouble
Minneapolis Police Chief Proves His Theological Ignorance
Michael Knowles vs. Vivek Ramaswamy: Two Visions of What Makes an American
Suitcases of Cash: L.A. Gold Dealers Busted in $127M IRS Scheme
Democratic Candidate: 'Send Me to Congress to Smoke These Fools!'
6 Charged in $41M Years-Long Insider Trading and Market Manipulation Scheme
VIP
Minnesota Newspaper Led by Former Walz Appointee Dismisses Claims of $9 Billion Fraud
ICE Gives 'Christmas Gift' to Americans
Feds Seize More Than 74,000 Stolen Items in Amazon, eBay Trafficking Scheme
U.S. Seizes Ship Off Coast of Venezuela
New Jersey Business Owner Sentenced to 87 Months for $172M Medicare Fraud
GOP Senator Won't Seek Reelection
Ellison Claims Minnesota 'Shut Down' Scammers As Fraud Estimates Soar to $9 Billion
AG Pam Bondi Faces Possible Impeachment After Epstein Files Release Disappoints
OPINION

Fragile by Design: The Political Origins of Banking Crises and Scarce Credit

Mark Calabria
Mark Calabria | Sep 14, 2014
The opinions expressed by columnists are their own and do not necessarily represent the views of Townhall.com.
In the wake of the 2008–2009 financial crisis a pervasive view began to emerge of banking as an inherently unstable occupation that must be tightly regulated and monitored by government agencies. Charles Calomiris and co-author Stephen Haber overturn this notion by presenting an inconvenient truth: not all countries suffer systemic banking crises. Some countries have managed to create a system that provides abundant credit without the propensity for banks to fail. So what is their secret? The answer is equally simple: The well-being of a banking sector depends on the ability of political institutions to limit rent-seeking by populist groups. Join the Cato Institute for a lively discussion of the true causes of the financial crisis and whether in light of the evidence presented by the authors the antidote (Dodd-Frank) causes more problems than it solves.
Advertisement

Download:mp4, mp3

Join the conversation as a VIP Member

Recommended

The Epstein Files Memes Are Pouring in, and They're Hilarious Matt Vespa
So, That's Why Nick Reiner Is Pleading Not Guilty to Murdering Parents, Rob and Michele Reiner Matt Vespa
Suitcases of Cash: L.A. Gold Dealers Busted in $127M IRS Scheme Scott McClallen
Feds Seize More Than 74,000 Stolen Items in Amazon, eBay Trafficking Scheme Scott McClallen
Democratic Candidate: 'Send Me to Congress to Smoke These Fools!' Joseph Chalfant
Uh Oh: Brown University Student Claims School President Is Lying About This Part of the Shooting Matt Vespa

Trending on Townhall Videos

Advertisement
Top Columns
Advertisement

Trending on Townhall Media

Ellison Claims Minnesota 'Shut Down' Scammers As Fraud Estimates Soar to $9 Billion Scott McClallen
Advertisement