"The Dog and the Frisbee"


Below there is a link to a superior article relating to the regulation of the financial industry. It is by Andrew G Haldane, Executive Director, Financial Stability and member of the Financial Policy Committee and Vasileios Madouros, Economist, Bank of England; Given at the Federal Reserve Bank of Kansas City’s 36th economic policy symposium,“The Changing Policy Landscape”, Jackson Hole, Wyoming

After the first couple of paragraphs it's a bit cumbersome to wade through. However, it makes excellent points.

To summerize, if I may, it basically says "KISS" (Keep It Simple, Stupid). His point is to the fact that the more complicated the regulations, the more of a chance of causing unforeseen damage elsewhere - Sort of like the more electronics there are in a car, the more there is to break.

Click Here For The Article