Bridge over ocean
28 January 2010 Multimedia

Moral Hazard

Reforming the Financial System

  1. William Poole, PhD

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

We’re using cookies, but you can turn them off in Privacy Settings.  Otherwise, you are agreeing to our use of cookies.  Accepting cookies does not mean that we are collecting personal data. Learn more in our Privacy Policy.