To Change Economics, Build a New Model
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/“You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete.”... Read More
Financial Markets: Free versus Regulated
How many times have you heard the call for deregulation in the name of free markets? But does deregulation make any sense... Read More
If “The Enemy is Forgetting”, What Explains Committee to Save the Banks?
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Ten years after they undermined capitalism in America, the Committee to Save the Banks got together to defend their action. The Committee... Read More
Is Transparency a 0/1 Variable?
The Transparency Label Initiative treats transparency as a 0/1 variable. Either an investment provides sufficient disclosure so a buyer/seller can know what... Read More
PhD Economist Derp: Financial Regulation Works
A decade has passed since the acute phase of the Great Financial Crisis and the question is finally being asked: does financial... Read More
Too Big to Disclose
I would like to thank Professor George Georgiev for the expression “Too Big to Disclose”. He uses it in the title to... Read More
The Sorry State of Central Bankers’ Understanding of Transparency
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Geoff Bascand, Deputy Governor of the Reserve Bank of New Zealand, provided an excellent snapshot of the current state of central bankers’ understanding... Read More
U.S. is Being Stalked by a Zombie Elite
In a terrific column, Aditya Chakrabortty looks at how Britain has come to have an economy that benefits the few to the... Read More
PhD Economist Derp: 2008 Crisis Result of Flawed Financial Plumbing
According to PhD Economists at the University of Chicago Booth School of Business, The storm that rocked the world economy in 2008... Read More
PhD Economist Derp: Financial-Storm Forecaster
Perhaps the peak of PhD Economist Derp occurred when several Nobel prize winning Economists publicly calling for the creation of the Office... Read More
William White: Still Need to Deal with Bad Debt
In his Financial Times editorial, William White urges we prepare for the next financial crisis now. For those of you who don’t... Read More
Shareholders’ Right to Adequate Information Redux
The need for transparency so investors can know what they own is an idea that has withstood the test of time. It... Read More
Storytelling and the Information Matrix
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Everyone likes a good story. It is so ingrained in who we are. When we talk to each other, we tend to... Read More
PhD Economist Derp: Are Banks Opaque? No!
PhD Economists at the BIS set off to find out if banks are opaque (hint: the BoE’s Andy Haldane referred to them in... Read More
Clayton led SEC Highlighting Importance of Transparency Label Initiative
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To no one’s surprise, the latest member of the Opacity Protection Team to be appointed chairman of the SEC is looking to... Read More