Raghuram G. Rajan: Let Them Eat Credit

Posted by admin on Thursday, May 21, 2015

Food Prices by Randall Enos, Easton, CT

Food Prices by Randall Enos, Easton, CT


 

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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