A well-designed deposit insurance system can prevent bank runs without creating excessive moral hazard.
设计良好的存款保险制度可以防止银行挤兑,同时不会造成过度的道德风险。
Sometimes it’s the journey that teaches you a lot about your destination.
The more you learn, the more you know. The more you know, the more you forget. The more you forget, the less you know. So why bother to learn?
通往地狱的路是由未完成的作品铺成的。