Kirby R. Cundiff

Kirby R. Cundiff, Ph.D. is an Associate Professor of Finance at the Rochester Institute of Technology. He is a Chartered Financial Analyst and a CERTIFIED FINANCIAL PLANNERTM Professional. 

Related Freeman Articles

Feature

Why Do Banks Keep Going Bankrupt?

Moral Hazard, Regulation, and a Century of Systemic Bank Insolvency

OCTOBER 24, 2013 by KIRBY R. CUNDIFF

Deposit insurance and central banking have created a system built on moral hazard. That's a recipe for instability and continued boom-bust cycles.

Article

Monetary-Policy Disasters of the Twentieth Century

The Federal Reserve System Creates More Problems Than It Solves

JANUARY 01, 2007 by KIRBY R. CUNDIFF

CURRENT ISSUE

December 2014

Unfortunately, educating people about phenomena that are counterintuitive, not-so-easy to remember, and suggest our individual lack of human control (for starters) can seem like an uphill battle in the war of ideas. So we sally forth into a kind of wilderness, an economic fairyland. We are myth busters in a world where people crave myths more than reality. Why do they so readily embrace untruth? Primarily because the immediate costs of doing so are so low and the psychic benefits are so high.
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