Finance: History and Policy: Booms, Busts, and Bubbles

Finance: History and Policy: Booms, Busts, and Bubbles

When Hamilton intervened to stop the panic in young America, the speculators were jailed. I am waiting for the Chief Editor of Business Insider, Joe Weisenthal, to advocate jail for speculators. There would be no more easy money panics until a war or some catastrophe.

This presentation is quite interesting and is proof that moral hazard and more bubbles must follow in our time, as no one had his sorry ass thrown in jail for speculation and excess. 

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