Mises Daily
Author:
Stephen Mauzy
Online Publish Date:
“Systemic risk” is the new financial term du jour. I suppose that’s good news for all of us in the finance biz. The previous term du jour, “moral hazard,” had months ago been talked, debated, lectured, explained, and milked to death. I suspect that a few months hence, systemic risk — the risk of total financial system or market collapse — will