The Cost of Bailouts

When we look back at that point, we say, okay, everyone was bailed out. But there's a price to be paid. This isn't free. And if you could have all of those bailouts to save everybody, even though it was eight years ago, it just makes you wonder what the hell does the sausage making process really look like? Was this just one massive kicking of the can down the road on something that we will soon see reappear? It's ugly head again. Yeah. So it's trying to sort of extend these things in a kind of logical manner. I think you could make a fairly good case for the first iteration of monetary stimulus, QE, quantitative

Play episode from 16:42

Transcript

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app