Panic-proofing, not preventing bubbles, should be focus of U. S. financial policy
Monday, May 9, 2016 - 14:30
in Health & Medicine
Complicated new regulations added to complicated old regulations won’t protect the United States’ financial system from frightening crashes like that experienced in 2008, says a professor who helped the Obama administration pull the financial sector out of that morass. Instead, “a much simpler and more surgical approach is needed,” the professor says.