“Fed’s Free Money Lures This Important Writer: Kevin Hassett”
“If I were to default on my debts, the world would see that even trained economists who spend little on their appearance can’t make ends meet. Imagine the global panic, the massive selloff, that would follow.
Clearly, then, I meet the definition of systemically important. Not convinced? The Dodd-Frank financial law, in creating the Financial Stability Oversight Council, empowered it to consider, in addition to a company’s leverage, size and exposure, “any other risk-related factors the council deems appropriate.”” Read more.
“Fed’s Free Money Lures This Important Writer: Kevin Hassett”
Kevin Hassett
Bloomberg, December 26, 2010.
Image by Michal Marcol / FreeDigitalPhotos.net.
