Evidence receipt / belief
Published · transcript-backedRuss Roberts: belief
5 Jun 2019 Conversations with Tyler Russ Roberts on Life as an Economics Educator
“In particular, the bailouts that we did of past failed financial institutions, I think, encouraged lenders to be more careless with how they lent their money, mainly to other institutions, not so much to people out in the world like you and me.”
Source trail
Everything needed to verify it.
- Speaker
- Russ Roberts
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 5 Jun 2019
- Publisher
- Conversations with Tyler
Transcript context
…Sure. Many people believe that the financial crisis was caused by deregulation. I think that’s a misreading of the evidence. It’s true that some pieces of the financial sector were deregulated, but government intervention in the financial sector was quite significant in advance of the crisis. In particular, the bailouts that we did of past failed financial institutions, I think, encouraged lenders to be more careless with how they lent their money, mainly to other institutions, not so much to people out in the world like you and me. Deregulation’s a little bit tricky, so I wanted to get that in. I’m not sure how that pertains to the question. It does, probably, in some way. So give me something I should be more regulatory about. Well, one answer —…
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