Showing results for "The Last Resort" in History

The bailouts during the recent financial crisis enraged the public. They felt unfair - and counterproductive: people who take risks must be allowed to fail. If we reward firms that make irresponsible investments, aren't we encouraging them to continue to act irresponsibly? Bailouts have happened throughout economic history and are unavoidable in any modern, market-based economy. And they're actually good. Contrary to popular belief, the financial system cannot operate properly unless the government stands ready to bail out banks and other firms.

What if California seceded from the United States? If it did, what would happen? Would it usher in a new era of peace and prosperity? Or plunge the US into a new civil war? This is The Last Resort, a new documentary podcast following the rise, fall, and rebirth of CAL EXIT: the campaign for Californian Independence. It’s a story about a dream for a new progressive utopia on the West Coast. It’s about the fight for America’s future. And it’s also a tale of two friends who started on the political fringe and ended up in the middle of a still-unfolding global criminal conspiracy involving...