Russ Roberts interviews Justin Fox. Fox became an expert in the process of writing a book on the history of modern financial theory.
Russ Roberts interviews Justin Fox. Fox became an expert in the process of writing a book on the history of modern financial theory.
Jul 13 2009
Perry Mehrling says, The idea of the shadow banking system was in some way, not only tolerated by regulators, but encouraged by regulators. They thought, "Let's get some of these risks off the balance sheet of the traditional banking system. Let's get interest rate risk off the balance sheet of the traditional banking...
Jul 13 2009
He sounds like Richard Florida. New York has bright, creative people, yada-yada. I think that most of the cyclical movement in the economy comes in businesses that are not all that creative--manufacturing, construction, and strip-mall businesses. Folks in Washington have little interest in those types of businesses...
Jul 13 2009
Russ Roberts interviews Justin Fox. Fox became an expert in the process of writing a book on the history of modern financial theory.
READER COMMENTS
Lance
Jul 13 2009 at 12:54pm
Should be an interesting listen.
The medium will probably preclude the more dogmatic positions he has taken on The Daily Show and CNBC (such as advocating a return to New Deal-era banking and securities regulation as a solution to the current crisis, or that EMH = the market is always right).
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