Audio Mises Daily

Do We Need a Lender of Last Resort?

Audio Mises Daily
Nicolás Cachanosky

Efficient banks have many options for lenders and credit when banking crises hit. It's the inefficient and insolvent banks that must turn to a central bank, writes Nicolás Cachanosky. But do we really want central banks that reward insolvency and encourage inefficiency? This audio Mises Daily is narrated by Keith Hocker.