Is there anything as misunderstood in Economics as transparency?
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/The following is an excerpt from Transparency Games highlighting just how misunderstood transparency is by the Economics profession: Recall that, including myself, there... Read More
Central banks call for help
Since the beginning of the Federal Reserve’s annual Jackson Hole get together, the message has been monetary policy has done all it... Read More
The “I saved the world” financial crisis myth debunked
Unlike numerous other central bankers or Treasury officials turned writers on the financial crisis, Mervyn King refuses to engage in perpetuating a... Read More
Arrogance isn’t a defense
I am still amazed by the sheer amount of arrogance displayed by economists and finance professors. They remind me of the guy... Read More
Economists and transparency
There are two types of economists when the discussion turns to transparency. First, there are the economists who favor transparency. Second, there... Read More
Economists and transparency
“Nobody makes good investment decisions when blindly betting” summarizes my approach to transparency. While occasionally a blind bet will work out well,... Read More
Regulatory Ideologues
In Transparency Games, I talk about Wall Street’s Opacity Protection Team. One member of this team is the regulatory ideologue. The regulatory ideologue... Read More
The Courage to Act
Like Tim Geithner’s Stress Test, Ben Bernanke’s upcoming The Courage to Act is a long form defense of the decisions he made and the... Read More
Economists and financial stability
As a result of the recent financial crisis, attention has been focused on the need for financial stability. To address this need,... Read More
Economists, financial markets and theory-induced blindness
In Transparency Games, I get to talk about how economists, both academic and those working for the financial regulators, have theory-induced blindness when... Read More
Economists and the Queen’s Question
In Transparency Games, I get to discuss how the economics profession reacted to the Queen of England asking why, if everything was so... Read More