Kirby R. Cundiff
Kirby R. Cundiff, Ph.D. is an Associate Professor of Finance at the Rochester Institute of Technology. He is a Chartered Financial Analyst and a CERTIFIED FINANCIAL PLANNERTM Professional.
Related Freeman Articles
Moral Hazard, Regulation, and a Century of Systemic Bank Insolvency
OCTOBER 24, 2013 by KIRBY R. CUNDIFF
Deposit insurance and central banking have created a system built on moral hazard. That's a recipe for instability and continued boom-bust cycles.