Nuclear Option? How Senate Republicans Plan to Clear Out Nominee Backlog
Dems Need This Much of the Popular Vote to Retake the House Next...
Why Are We Re-Investigating January 6?
Oh, Hi, Roy Cooper, Nice of You to Finally Weigh in on the...
VIP
One Tweet That Nails Why the Media Is So Annoyed We're Talking About...
VIP
5-Year-Old Floridian Kid's Wild Trip to Chick-fil-A
Trump's Purported Birthday Card to Jeffrey Epstein Has Been Released
No Lives Matter (Unless Democrats Can Exploit Them)
The Incredible Lightness of the Mainstream Media
Democrats Believe in Totalitarian Government
The Autopen Controversy
VIP
Poll's Finding About Americans' Support for Capitalism Is Alarming. What Can Explain It?
Congress Must End DEI in the Military Through the NDAA
Our Long History of Executive Order Abuse
NBC Poll Reveals Stark Values Divide Between Young Trump and Kamala Voters
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

Dems Need This Much of the Popular Vote to Retake the House Next Year Matt Vespa
Oh, Hi, Roy Cooper, Nice of You to Finally Weigh in on the Brutal Charlotte Stabbing Matt Vespa
Why Are We Re-Investigating January 6? Matt Vespa
Nuclear Option? How Senate Republicans Plan to Clear Out Nominee Backlog Matt Vespa
No Lives Matter (Unless Democrats Can Exploit Them) Derek Hunter
Why Bessent Was Amused When 'Meet the Press' Host Brought Up What Goldman Sachs Said About Tariffs Leah Barkoukis

Trending on Townhall Videos

Advertisement
Top Columns
Advertisement

Trending on Townhall Media

When Empathy Turns Toxic: The Chilling Lesson From Charlotte’s Light Rail Murder Kevin McCullough
Advertisement