What seems increasingly clear is that the combination of generous government guarantees with rampant profit-making in inadequately capitalised institutions is an accident waiting to happen – again and again and again. Either the banking industry should be treated as a utility, with regulated returns, or it should be viewed as a profit-seeking industry that operates in accordance with the laws of the market, including, if necessary, mass bankruptcies.
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Tibet, Palestine and the politics of failure | openDemocracy - 0 views
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openDemocracy Annotation: The Future of the Internet and How to Stop It, by Jon Zittrai... - 0 views
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Greg Mankiw's Blog: Goolsbee on the Business Cycle - 0 views
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