I use this space to work out ideas for papers and lectures, as well as the occasional oped. Comments--positive or negative--are more than welcome.
Monday, June 07, 2010
Real Financial Reform
The Huffington Post's Simon Johnson has this approving analysis of Richard Fisher's (the Head of the Federal Reserve in Dallas) of the Obama administration's proposed reform and its failings. His main argument is that the gargantuan banks of our era are the result of the lack of market forces and that unless we restrict banks to a size small enough to fail we will never end the bailout syndrome.
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