Banks Will Never Be Safe As Long as Central Banks Exist.

#EndtheFed #BOE #banking #money #inflation #GSIB #FDIC #Basel3 #bailouts #GFC #derivatives #Bagehot #centralbanking #SIFI

Today we will look at why banks have to be highly regulated, insured, and bailed out regularly.

My argument is that Central Banks create a moral hazard that leads to bankers misbehaving like small children.

So the conclusion is that without Mom and Dad or a Central Bank bankers would have to be a great deal more responsible.

List of systemically important banks: https://en.wikipedia.org/wiki/List_of_systemically_important_banks

Walter Bagehot: https://en.wikipedia.org/wiki/Walter_Bagehot

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