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
PhD Economist Derp: Didn’t See Crisis Coming, But Listen to Us on How to Fix
In late 2008, the Queen of England asked why the Economics profession didn’t see the financial crisis coming. Since then PhD Economist... Read More
PhD Economist Derp: Macro-Prudential Regulation
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Macro-Prudential regulation is the regulatory embodiment of PhD Economist Derp. The ECB offers a quick guide into what it is and what... Read More
PhD Economist Derp: Safe Assets
Safe assets represents yet another area of massive PhD Economist Derp. As the ECB said in its review of the literature on... Read More
PhD Economist Derp: What is it?
Nobel prize winning Economist Paul Krugman explains what is a sure sign of when a PhD Economist is being a “derp”: OK, so... Read More
PhD Economist Derp: Informationally-Insensitive Debt
Nobel prize winning Economist Paul Krugman explains what is a sure sign of when a PhD Economist is being a “derp”: OK, so... Read More
The “We Prevented a 2nd Great Depression” Lie has Proven Very Costly
As the billionaire boys gather at Davos, it is time to reflect on how costly the lie the policy responses to the... Read More
The Economist Shines a Bright Light on GE’s Opacity
If your were a subscriber to the Transparency Label Initiative, you would know GE doesn’t qualify for a label indicating it provides... Read More
Global Financial System Still Not Fixed
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A decade after the opacity driven Great Financial Crisis began, the only significant theoretical insight into opacity has been the Information Matrix... Read More
Was it a Mistake to Save the Banks?
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Since the acute phase of the financial crisis began and the decision was made to “save” the banks, the question has been... Read More
The Response to the Financial Crisis Worked …. Hmmm ….
A decade after the acute phase of the financial crisis the Economics profession is still trying to make the case its policy... Read More
Credit Suisse’s Thiam Pushes Transparent Lending Covenant
Even the banking industry realizes there is no reason not to disclose a loan once it has been made. The latest example... Read More
Economics Still Needs to Come up with THE Big New Idea
A decade after the acute phase of the Great Financial Crisis and economists are still arguing amongst themselves whether there is any... Read More
Paul Krugman Finds There Never was a Risk of a 2nd Great Depression
Regular readers know since the acute phase of the Great Financial Crisis began in September 2008, I have been saying the programs... Read More
ECB Discovers Macro-Prudential Regulation Doesn’t Work
One of the worst ideas to emerge from the Great Financial Crisis was macro-prudential regulation. Under macro-prudential regulation, regulators are suppose to... Read More