The Bigger They Are, the Harder They Fall on the Rest of Us
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The Bigger They Are, The Harder They Fall on the Rest of Us
The title at the link is about breaking up big banks, but one of the points is that the growing problems associated with size/interconnectedness, including those associated with too big to fail, occur in more than just the financial sector. These problems are getting worse, and the question is, what are we going to do about it?
Posted by Mark Thoma on Tuesday, November 20, 2012 at 12:33 AM in Economics, Fiscal Times, Market Failure |
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