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We could regulate too-risky loans, and thus convince investors to choose more salubrious channels for making profits than say the USA car loan bubble (which apparently is one of the next ones to pop).

The whole moral hazard thing is way out of whack, even an amateur economist can see that unless he's well paid not to.

In which case he wouldn't be an amateur any longer, but a Serious Person.

'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty

by melo (melometa4(at)gmail.com) on Mon Nov 10th, 2014 at 03:40:40 PM EST
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