Economists have been too congratulatory toward those who rescued failing companies, thereby helping enable the too-big-to-fail doctrine; praising Bernanke, Paulson, and Geithner for keeping the system going while only nominally acknowledging too-big-to-fail's problems will create the next crisis.

normativepending

Speaker

Russ Roberts

Evidence Quote

if we're gonna recognize those problems and talk about how great Bernanke Paulson and Geithner have been and keeping the system going we're going to create the next problem

Source

Charles Calomiris on the Financial Crisis 10/26/2009EconTalk
Created: 6/15/2026, 9:20:15 AM

My Notes

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