Moral hazard, the fear of the markets, and how central banks responded to Covid-19
While the direct economic consequences of Covid-19 have been significant, the impact on the financial markets has been more nuanced. This column uses …
Read moreCovid-19
11 posts in this category
What to do about the Covid financial system bailouts?
Financial crises and bailouts of financial institutions are inevitable and can't be prevented without paying too high a price. Diversity is the best w…
Read moreThe libertarian response to the Covid-19 financial turmoil
A libertarian sees the Covid-19 bailout of the financial system as a predictable failure of regulations. Much better to have a laissez-faire economy a…
Read moreThe socialist response to the Covid-19 financial turmoil
The state just saved the financial system from itself. What is the point of privately owned banks if they need to be bailed out every decade?
Read moreOn the response of the financial authorities to Covid-19
The financial authorities have just bailed the financial system out for the second time in a decade. While the authorities are proud of having prevent…
Read moreThe Covid-19 bailouts and the future of the capitalist banking system
The central banks bailed out the financial system in March 2020, the second time they have done so in 12 years. What is the point of privately owned b…
Read moreFinancial crises and epidemics
Epidemics and financial crises are different beasts. But they are eerily similar underneath — The dynamics, the politics, the mistakes and the learn…
Read moreHayek et Corona
Corona est sans précédent et je suis enclin à permettre aux gouvernements une grande latitude. Des erreurs seront commises. Mais certaines sont pires …
Read moreHayek and Corona
Corona is unprecedented and I am willing to give government's plenty of latitude. Mistakes will be made. But some are worse than others, and the dumbe…
Read moreIgnoring the Corona analysis
We are bombarded by Corona epidemiology analysis. How it spreads, how to contain it, how to cure it, how it will play out. I am ignoring it all.
Read moreThe coronavirus crisis is no 2008
Many comparisons have been made between the coronavirus crisis and the global systemic crisis in 2008. This column argues that seen through the lens o…
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