Charles Calomiris and Stephen Haber on Fragile by Design
EconTalk
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The U.S. Financial System Isn't a Democracy.
Any reform of the us. Financial system that takes large of money away from people who alray getting those large sums is not likely to be successful, barring some radical change in the political isense. He agrees thereh's always been a temptation, and certainly since the 19 seventies in the united states, to look to the banking system as a vehicle for income redistribution,. all balance sheet. So rather than readit exactly, you thin y has gotdup a, that temptation has been large for governments, regardless of their ideological strife.
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