Last Resort by Eric A. Posner

Please visit https://thebookvoice.com/podcasts/2/audible/153894 to listen full audiobooks. Title: Last Resort Author: Eric A. Posner Narrator: Steve Menasche Format: mp3 Length: 9 hrs and 9 mins Release date: 05-22-18 Ratings: 5 out of 5 stars, 3 ratings Genres: Economic History Publisher's Summary: The bailouts during the recent financial crisis enraged the public. They felt unfair - and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, aren't we encouraging them to continue to act irresponsibly? Bailouts have happened throughout economic history and are unavoidable in any modern, market-based economy. And they're actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms.