|
|
DR. JEFFREY HERBENER: MORAL HAZARD AS A WAY OF LIFE |
Earlier this month, Silicon Valley Bank collapsed. Is the problem worse than just SVB’s troubles? Is the entire banking system in jeopardy? In this article, economist Dr. Jeffrey Herbener explains how the potential for moral hazard permeates the system. He writes, “What’s needed is fundamental reform. When will we abandon the foolish path of enacting policies that extend the scope of moral hazard?”
READ MORE...
