12/14/2019 Alasdair Macleod
Since the turn of the millennium there have been two global bank credit crises: the first was the deflation of the dot-com bubble in 2001–2, and the second the 2008–9 financial crisis that wiped out Lehman Brothers. It was clear from these events that the debate over moral hazard ………………………
https://mises.org/wire/150-years-bank-credit-expansion-nearing-its-end
