Unanimously Agreeable Safe Central Banking .


Problem of Moral Hazard due to Privileged Information and Access to Cheap Funds
The crux of moral hazard problem that bedevils the US economy is private custody of publicly insured deposits at too-big-to-fail (TBTF) banks run by too-big-to-be-jailed (TBTJ) bankers, as found in research paper on efficient resolution of moral hazard mimeographed at the Board of Governors of Federal Reserve System, Washington, D.C.

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