Comment: Peter is absolutely right about abolishing deposit insurance.

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Cyril's picture

Peter is absolutely right about abolishing deposit insurance.

"Peter is absolutely right about abolishing deposit insurance. If there were no federal deposit insurance banks would have to be more cautious about how they loaned money. "

Exactly right. And how Dr. Ron Paul was defining the nature of moral hazard, in a not-so-unrelated domain, again?

The Economics of Disaster

http://www.dailypaul.com/275716/the-economics-of-disaster-by...

"Cyril" pronounced "see real". I code stuff.

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