Rearranging Deck Chairs on the Bank Regulatory Titanic
In the aftermath of the acute phase of the Great Financial Crisis, the roles and responsibilities of the bank regulators were dramatically... Read More
Is the Economics We Have Better than Nothing?
A decade after the acute phase of the Great Financial Crisis it is time to ask “is the Economics we have better... Read More
Asset Bubbles and Transparency
I would like to clear up a common mistake: transparency does not prevent asset bubbles from occurring. What transparency does do is... Read More
Has Economics Failed? Yes! Part II
A decade has passed since the acute phase of the Great Financial Crisis began and the Economics profession has not produced a... Read More
The Confident Idiots at the Fed and Bank Stress Tests
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Perhaps the single worst idea to emerge from the acute phase of the Great Financial Crisis was the public announcement of the... Read More
Figuring Out Where the Banks Fit In
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Tim Congdon, Chairman of the Institute of International Monetary Research, laid down the challenge for what the Economics profession needs to learn:... Read More
Minsky Moments and the Information Matrix
When the acute phase of the Great Financial Crisis hit in the fall of 2008, many Economists were quick to call it... Read More
Pathology, Prophylactics and Palliatives
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Prospect Magazine asked a number of PhD Economists and Economic commentators what is the one lesson they wish Economists would learn. Imagine... 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
The Committee to Save the Banks – Part II: Opacity and Bank Runs
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In Part II, I’ll show how the Committee to Save the Banks discussion of the panic, fear and bank runs of 2008... Read More
The Committee to Save the Banks – Part III: Paulson the Puppet Master
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Before looking at how the Committee to Save the Banks reacted to the acute phase of the financial crisis in 2008, it... Read More
The Committee to Save the Banks – Part IV: Defending the Indefensible
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The Committee to Save the Banks put on a clinic in their ongoing effort to defend their choice to save the banks... 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