Economists, Lawyers and the Myth Investors Confused by Too Much Disclosure
Since the beginning of the Great Financial Crisis, I have talked to hundreds of economists and lawyers who believe the myth too... Read More
Lies and Democracy
Senator Daniel Patrick Moynihan famously quipped “you are entitled to your opinion, but you are not entitled to your own facts”. Unfortunately,... Read More
Rebuilding Trust and Confidence in the Financial System
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The Transparency Task Force asked why does greater transparency restores trust and confidence in the financial system. The short answer: we “Trust”... Read More
You can have Democracy or Financial Opacity, but you cannot have both
Since the Great Financial Crisis began on August 9, 2007, global policymakers have demonstrated you can have Democracy or Financial Opacity, but... Read More
Do Investors Know They Have Blindly Bet $3+ Trillion?
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Have asset managers told investors (the people and firms who actually put up the money) they have blindly bet the investors’ money... Read More
Economists Discover It’s What You Know For Sure That Just Ain’t So
It has taken over a decade since the Great Financial Crisis started, but macroeconomists have discovered what they knew for sure about... Read More
Economists Know Nothing When It Comes to Financial Crises
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While still the Fed chair, Janet Yellen gave an interesting speech on October 14, 2016 in which she pointed out when it... Read More
Narratives and the Mainstream Media
Trust, but Verify. We all like a good story. It is in our nature. However, we all know that it is important... Read More
Theranos and the Role of Narratives
Trust, but Verify. This elegant expression lies at the heart of how our financial markets work. It also highlights the respective roles... Read More