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Suddenly the people running Savings and Loans had nothing to lose - a clear case...
Author:
Niall Ferguson
Book:
The Ascent of Money: A
Viewed:
53 -
Published at:
4 years ago
Suddenly the people running Savings and Loans had nothing to lose - a clear case of what economists call moral hazard.
( Niall Ferguson )
[ The Ascent of Money: A ]
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