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Quote by Russ Roberts

“Despite opposition from Main Street and numerous politicians, policy makers put together the rescue in the name of avoiding a financial crisis. Ultimately, the US Treasury got its money back and even made a modest profit, causing some to deem the rescue a success. It was a success in fiscal terms. But it encouraged lenders to finance risky bets without fear of the consequences.”

Quote by Russ Roberts

Book:Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis
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Gambling with Other People’s Money: How Perverse Incentives Caused the Financial Crisis

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Author

Russ Roberts
Russ Roberts

Russ Roberts is an accomplished economist, born in September 1954. He has extensive research and teaching experience in economics, particularly known for his historical approach to economic issues. more

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