Lyt når som helst, hvor som helst

Nyd den ubegrænsede adgang til tusindvis af spændende e- og lydbøger - helt gratis

  • Lyt og læs så meget du har lyst til
  • Opdag et kæmpe bibliotek fyldt med fortællinger
  • Eksklusive titler + Mofibo Originals
  • Opsig når som helst
Start tilbuddet
DK - Details page - Device banner - 894x1036

Last Resort: The Financial Crisis and the Future of Bailouts

4 Anmeldelser

4.3

Længde
9T 9M
Sprog
Engelsk
Format
Kategori

Økonomi & Business

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? And beyond the ethics of it was the question of whether the government even had the authority to bail out failing firms like Bear Stearns and AIG.

The answer, according to Eric A. Posner, is no. The federal government freely and frequently violated the law with the bailouts—but it did so in the public interest. An understandable lack of sympathy toward Wall Street has obscured the fact that bailouts have happened throughout economic history and are unavoidable in any modern, market-based economy. And they're actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms.

Taking up the common objections raised by both right and left, Posner argues that future bailouts will occur. Acknowledging that inevitability, we can and must look ahead and carefully assess our policy options before we need them.

© 2018 Tantor Media (Lydbog): 9781977382146

Release date

Lydbog: 22. maj 2018

Andre kan også lide...

  1. Financial Cold War: A View of Sino-US Relations from the Financial Markets James A. Fok
  2. Mobs, Messiahs, and Markets: Surviving the Public Spectacle in Finance and Politics William Bonner
  3. The Payoff: Why Wall Street Always Wins Jeff Connaughton
  4. The Money Revolution: How to Finance the Next American Century Richard Duncan
  5. The Next Great Bubble Boom Harry S. Dent
  6. Engine of Inequality: The Fed and the Future of Wealth in America Karen Petrou
  7. The Decline and Fall of IBM - End of an American Icon? Robert Cringely
  8. The Great Contraction, 1929–1933: New Edition Milton Friedman
  9. Chain Blame: How Wall Street Caused the Mortgage and Credit Crisis Padilla Muolo
  10. Starving Billionaires: The History of Inflation and HyperInflation: How Governments and People Battled the Last 10 Great Inflations Kendrick Fernandez
  11. The Story of Silver: How the White Metal Shaped America and the Modern World: How the White Metal Shaped America and the Modern World William L. Silber
  12. Democratic Capitalism at the Crossroads: Technological Change and the Future of Politics Carles Boix
  13. Central Banking in Turbulent Times Francesco Papadia
  14. How Global Currencies Work: Past, Present, and Future Barry Eichengreen
  15. The Federal Reserve and the Financial Crisis Ben S. Bernanke
  16. A Rabble of Dead Money: The Great Crash and the Global Depression: 1929–1939: The Great Crash and the Global Depression: 1929 - 1939 Charles R. Morris
  17. The Selling of the American Economy: How Foreign Companies Are Remaking the American Dream Micheline Maynard
  18. The Great Persuasion: Reinventing Free Markets Since the Depression Angus Burgin
  19. EconoPower: How a New Generation of Economists Is Transforming the World Mark Skousen
  20. Success in Africa: CEO Insights from a Continent on the Rise Jonathan Berman
  21. Rediscovering Values: On Wall Street, Main Street, And Your Street Jim Wallis
  22. A Monetary History of the United States, 1867–1960 Milton Friedman
  23. Bean Counters: The Triumph of the Accountants and How They Broke Capitalism Richard Brooks
  24. Monopolized: Life in the Age of Corporate Power David Dayen
  25. GINI: Capitalism, Cryptocurrencies & the Battle for Human Rights Ferris Eanfar
  26. Inside Rupert's Brain: How the World's Most Powerful Media Mogul Really Thinks Paul R. LaMonica
  27. Life in the Financial Markets: How They Really Work And Why They Matter To You Daniel Lacalle
  28. Billionaires in World Politics Peter Hagel
  29. The Next American Economy: Nation, State, and Markets in an Uncertain World Samuel Gregg
  30. Treasury's War: The Unleashing of a New Era of Financial Warfare Juan Zarate
  31. The Land of Enterprise: A Business History of the United States Benjamin C. Waterhouse
  32. Breakout Nations: In Pursuit of the Next Economic Miracles Ruchir Sharma
  33. The End of Money: Counterfeiters, Preachers, Techies, Dreamers--and the Coming Cashless Society David Wolman
  34. Modern Economics Ben Bailey
  35. The Great Deformation: The Corruption of Capitalism in America David A. Stockman
  36. Citizen Capitalism: How a Universal Fund Can Provide Influence and Income to All Lynn A. Stout
  37. The Fundamentals of Hedge Fund Management: How to Successfully Launch and Operate a Hedge Fund Daniel A. Strachman
  38. The Power and Independence of the Federal Reserve Peter Conti-Brown
  39. In Defense of Public Debt Barry Eichengreen
  40. Money Games: The Inside Story of How American Dealmakers Saved Korea's Most Iconic Bank Weijian Shan
  41. Exile on Wall Street: One Analyst's Fight to Save the Big Banks from Themselves Mike Mayo
  42. Marketcraft: How Governments Make Markets Work Steven K. Vogel
  43. The Number That Killed Us: A Story of Modern Banking, Flawed Mathematics, and a Big Financial Crisis Pablo Triana
  44. The Great Reversal: How America Gave Up on Free Markets Thomas Philippon
  45. A Primer on the Economics of Sport Robert Butler
  46. The Great Rebalancing: Trade, Conflict, and the Perilous Road Ahead for the World Economy – Updated Edition: Trade, Conflict, and the Perilous Road Ahead for the World Economy - Updated Edition Michael Pettis
  47. Shocks, Crises, and False Alarms: How to Assess True Macroeconomic Risk Paul Swartz

Vælg dit abonnement

  • Over 600.000 titler

  • Download og nyd titler offline

  • Eksklusive titler + Mofibo Originals

  • Børnevenligt miljø (Kids Mode)

  • Det er nemt at opsige når som helst

Flex

For dig som vil prøve Mofibo.

89 kr. /måned
  • 1 konto

  • 20 timer/måned

  • Gem op til 100 ubrugte timer

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Prøv gratis
Den mest populære

Premium

For dig som lytter og læser ofte.

129 kr. /måned
  • 1 konto

  • 100 timer/måned

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Start tilbuddet

Unlimited

For dig som lytter og læser ubegrænset.

149 kr. /måned
  • 1 konto

  • Ubegrænset adgang

  • Eksklusivt indhold hver uge

  • Fri lytning til podcasts

  • Ingen binding

Start tilbuddet

Family

For dig som ønsker at dele historier med familien.

Fra 179 kr. /måned
  • 2-6 konti

  • 100 timer/måned pr. konto

  • Fri lytning til podcasts

  • Kun 39 kr. pr. ekstra konto

  • Ingen binding

2 konti

179 kr. /måned
Start tilbuddet