Banking
Nov. 8, 2013
Are public banks something we should consider?
Even unremitting champions of the free enterprise system are unlikely to laud the recent performance of private banks. By Prasad Krishnamurthy
Even unremitting champions of the free enterprise system are unlikely to laud the recent performance of private banks. Private banks have been accused of deceiving consumers and investors, taking on excessive risks, and leaving taxpayers to foot the bill. The recent financial crisis and its aftermath have led some observers to ask whether we would be better off with a mix of public and private banks. Advocates of public banking have taken ...
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