“Too big to fail” was a mistake because it bailed out incompetent firms during the global financial crisis. Breaking up big firms today would also be a mistake and would lead to higher prices, less innovation, and more cronyism.
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“Too big to fail” was a mistake because it bailed out incompetent firms during the global financial crisis. Breaking up big firms today would also be a mistake and would lead to higher prices, less innovation, and more cronyism.