Richard Bookstaber: People Cannot be Controlled like Automatons thus Crises Repeats

About this week’s show:

-The economic system is always changing faster than the “controllers” can learn
-Fed policy and manipulations today are “so yesterday”!
-Unlike flood insurance, Financial Insurance INCREASES the likelihood of crises

About the guest: Richard Bookstaber is the author of A Demon Of Our Own Design, a book highlighting the fragility of the financial system that occurs from tight coupling and complexity. The book is noted for its foreshadowing of the financial crisis of 2007–08. Read more…

By | 2017-08-01T13:16:20+00:00 August 2nd, 2017|PodCasts|