The new normal is what I call Bailout capitalism because Be… - John Komlos

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The new normal is what I call Bailout capitalism because Ben Bernanke put a lot of money [creation of $trillions by the Federal Reserve] into the financial sector.

John Komlos

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About John Komlos

(born 28 December 1944) is an American economic historian of Hungarian descent and former holder of the chair of economic history at the University of Munich.

All quotes from John Komlos Similar Quotes by other Originators

Originators like John Komlos:

Ha-Joon Chang Joseph E. Stiglitz Kate Raworth Paul Krugman Friedrich Hayek

Additional quotes by John Komlos

[H]umanistic economics advocates a creation of a capitalism with a human face. That requires a paradigm shift... away from a rat race, [away from] a social Darwinistic economy with a few winners and many losers.

[R]andom allocation at the start of life cannot... be the basis of a good society.

With [incomplete or] assymetric information [and that's practically always the case]... Stiglitz and Greenwald proved... markets are inefficient, and that should be the default model.

The new normal is what I call Bailout capitalism because Ben Bernanke put a lot of money [creation of $trillions by the Federal Reserve] into the fin… - John Komlos

About John Komlos

Additional quotes by John Komlos