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:

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