This is an archived recording of a presentation featuring Cato Institute fellow and former Federal Reserve president, William Poole. Dr. Poole discusses the moral hazard dilemma facing the world and offers a suggested way forward. He describes why the current bailout regime is unacceptable and how a change in incentives, not more regulation, is needed. This seminar is based on Dr. Poole’s recent FAJ article "Moral Hazard: The Long-Lasting Legacy of Bailouts."
Based on the following article:
“Moral Hazard: The Long-Lasting Legacy of Bailouts”
Written by William Poole
Financial Analysts Journal, November/December 2009