Euquant

EuQuant Economist Answers Questions on Morning Show

Dr. Thomas Boston was invited by the Zakk Tyler show to answer call-in questions from morning listeners. Some of the more memorable moments included the definition of the fractional reserve system, and the always hilarious cockroach theory. The cockroach theory is a useful simile to explain the current banking crisis. It goes something like this: Failing banks are like cockroaches in the kitchen, when you see one scurry across the kitchen floor it's unreasonable to believe that there is only one cockroach in the home.

Click Here the audio link is at the bottom of the page