Political Gridlock Insights
Political gridlock is exacerbated by increased partisanship and the influence of social media, leading to ineffective regulatory responses. The conversation highlights the challenges of making dispassionate, value-maximizing decisions within regulatory bodies, which are often filled with politically-minded individuals rather than financial experts. A retrospective review of past rules is suggested as a crucial first step to address the unintended consequences of regulation.In this clip
From this podcast
All Else Equal: Making Better Decisions
Ep49 “Making Regulation Work” with Jay Clayton
Related Questions
What role did regulation play in the financial crisis of 2008 as discussed in the episode Arnold Kling on Credit Default Swaps, Counterparty Risk, and the Political Economy of Financial Regulation and the clip Greenspan's Worldview, as well as in the episode Russ Roberts on the Crisis and the clip The Collapse's Underlying Causes?
How can we balance financial regulation in light of the issues discussed in the episode #59 - Providing Fair Financial Products for the 56% of the US Without Access to Them - Jake Rosenberg of LendUp and the clip Navigating Financial Regulations?