EconTalk Archives, 2013
EconTalk Archives, 2013
EconTalk: Russ Roberts, Library of Economics and Liberty
Richard Fisher on Too Big to Fail and the Fed
1 hour Posted Dec 30, 2013 at 11:30 am.
0:00
1:00:16
Download MP3
Show notes
Richard Fisher, President of the Federal Reserve Bank of Dallas, talks with EconTalk host Russ Roberts about the problems with "too big to fail"--the policy idea that certain financial institutions are too large to face the bankruptcy or failure and need to be rescued or bailed-out. Fisher argues that "too big to fail" remains a serious problem despite claims that recent financial regulation has eliminated it. Fisher discusses various ways to deal with too-big-to-fail, including his own preferred policy. The last part of the conversation deals with quantitative easing and monetary policy during the crisis.