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- Last Resort: The Financial Crisis and the Future of Bailouts
Last Resort: The Financial Crisis and the Future of Bailouts
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The bailouts during the recent financial crisis enraged the public. They felt unfair-and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, costing taxpayers billions of dollars, aren't we encouraging them to continue to act irresponsibly, setting the stage for future crises?
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