All Questions
2 questions
3
votes
4
answers
1k
views
What is the necessity of the FDIC in the US banking system?
A bank's basic function is to "borrow short and lend long". In other words, it borrows money from depositors over the short term, promising to repay it on demand, while it lends most of that money out ...
- 9,367
15
votes
2
answers
1k
views
Was the Icelandic economic crisis of 2008 a product of lax government oversight or big government?
US libertarians, and some of those who share their rhetoric on the right, are strong proponents of laissez-faire economics and limited government. However, in the case of Iceland and its banking ...
- 740