Tag Archives: global financial system

Andy Xie – The “Too Big to Fail” Institutions are Harming the Global Economy Further

Andy Xie wrote an article in CaixinOnline where he shared his insights on the too-big-to-fail (TBTF) financial institutions and the flawed global financial system. The flawed global financial system essentially holds all major governments hostage. Whenever a crisis happens, the policy priority is to stabilize the financial system for short-term economic stability. This tends to favor […]