Raghuram G. Rajan: Let Them Eat Credit

Posted by admin on Thursday, May 21, 2015

Professor of finance at Chicago’s Booth School and author of Fault Lines: How Hidden Fractures still Threaten the World Economy, Raghuram G. Rajan Money Quotation saying that political monetary policy allowing easy credit produced the economic crisis. Raghuram G. Rajan said:
 
Raghuram G. Rajan 'Let them eat credit' could well summarize the mantra of the political establishment in the go-go years before the crisis quote
 

“’Let them eat credit’ could well summarize the mantra of the political establishment in the go-go years before the crisis” — Raghuram G. Rajan

 

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