Choosing the Road to Prosperity: Why We Must End Too Big to Fail—Now | E-Axes
 

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Choosing the Road to Prosperity: Why We Must End Too Big to Fail—Now

This report is prepared by Harvey Rosenblum, Director of Economic Research at the Federal Reserve Bank of Dallas.

It is a very hard-hitting piece, arguing that “the vitality of our capitalist system and the long-run prosperity it produces hang in the balance.” It explains why TBTF is “a perversion of capitalism,” which undermines faith in markets. Rosenblum quotes Allan Meltzer on point: “Capitalism without failure is like religion without sin.”

To download the PDF version of the essay click here.


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