This article rightly argues that the best regulator is a competitive market where mistakes are indiscriminately punished with losses. There can be no success without failure. From Barron’s: Brin… more →
Casino Capitalism and Crapshoot Politicswrote 1 week ago: This article rightly argues that the best regulator is a competitive market where mistakes are indis … more →
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wrote 1 week ago: Hold on folks, it looks like Greece may turn out to be the Lehman Bros. of public debt. Moral hazard … more →
wrote 2 weeks ago: Crisis Management SECOND COST-Network CONFERENCE 2012 Many intellectuals, Jurgen Habermas among them … more →
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wrote 2 weeks ago: 2007年至2009年这场金融危机过后,各国学者、监管者和金融从业者都在思索危机爆发的根源和避免危机再度发生和减轻危机损害程度的措施。现在的国际共识是需要进一步提升金融机构的风险抵御能力(loss a … more →
wrote 2 weeks ago: The West Can’t Borrow and Spend Its Way to Recovery Good article in Foreign Affairs by Raghuram G. R … more →
wrote 3 weeks ago: This Frontline documentary is worth watching to try to understand what they got right and what they … more →
wrote 3 weeks ago: Another good quote from Jim Grant’s speech at the NY Fed. From a speech by James Grant to the … more →
wrote 3 weeks ago: From a speech by James Grant to the New York Federal Reserve Bank, March 12: [W]hat makes a good ban … more →
wrote 3 weeks ago: In this Barron’s interview Ferguson makes some valuable observations of US policy, putting it … more →
wrote 3 weeks ago: The problem of large banks extending credit to housing was that all housing went into a credit-induc … more →
wrote 1 month ago: This article was written by Richard Ellis from Sapient Global Markets, and brings a focus to the iss … more →
wrote 1 month ago: Fiscal Follies, Monetary Mischief By GENE EPSTEIN Stanford Prof. John Taylor believes that governmen … more →
wrote 1 month ago: A post by Kim Schoenholtz Lawyers are accustomed to distinguishing entities by their legal form … more →
wrote 1 month ago: The ninth in our series of posts on the sessions and workshops of the 10-11 May 2012 WSBI Congress: … more →
wrote 1 month ago: From the WSJ: Who Deserves Credit for the Improving Economy? American households are proving to be m … more →
wrote 1 month ago: Good reminder from Henry Hazlitt’s classic. Bernanke and other Keynesian economists believe th … more →
wrote 1 month ago: I recently attended the LEI Workshop conducted by the Financial Stability Board (FSB) on March 28 in … more →