The government has not learned the lessons from 2008; it continues to display willingness to extend credit to those who haven't earned the right to have that amount extended, and its demonstrated eagerness to bail out financial institutions will only encourage them to make equally imprudent moves in the future.

factualpending

Speaker

Donald Boudreaux

Evidence Quote

I fear that we have not learned the lessons appropriately. Uh I look around and I see uh uh the the the institutional willingness to extend credit to people who haven't yet earned the right to have that amount of credit extended to them. [33:16]

Source

Why You're Getting Poorer: Major Slowdown Ahead | Donald BoudreauxDavid Lin
Created: 8/11/2026, 6:30:09 AM

My Notes

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