Panic-proofing, not preventing bubbles, should be focus of U. S. financial policy

Posted by on May 9, 2016 5:33 pm
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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.

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