2min chapter

The FRONTLINE Dispatch cover image

Age of Easy Money (Full-length Film Audio Track)

The FRONTLINE Dispatch

CHAPTER

The Moral Hazard of the Fed Bailout

The Fed has trained us to believe that if we make a bet in the market and we win, we're on our own. If we lose, they will bend every effort and every dollar they can get their hands on one way or another to bail us out. We are truly getting to a point that moral hazard is more important than free markets.

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