The bailouts during the recent financial crisis enraged the public. They felt unfair-and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars, aren't we encouraging them to continue to act irresponsibly, setting the stage for future crises?
First Responders
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The Lords of Easy Money: How the Federal Reserve Broke the American Economy
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Fooled by Randomness : The Hidden Role of Chance in Life and in the Markets
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