Calomiris and Haber on Fragile by Design

Charles Calomiris and Stephen Haber talk with host Russ Roberts about their book, Fragile by Design. The conversation focuses on how politics and economics interact to give some countries such as Canada a remarkably stable financial system while others such as the United States have a much less stable system. The two authors discuss the political forces that explain the persistence of seemingly bad financial regulation. The conversation includes a discussion of the financial crisis of 2008.