Would That Decision-Making Trilemmas Were Three-headed Zoological Oddities.
Saturday, April 24th, 2010Mr. Niall Ferguson (2010APR23 Wall Street Journal) sums up the U.S. post-crisis financial regulation as a “trilemma” that could optimize to any two of three, but not all three: (a) efficient capital markets; (b) no bailouts to big banks; or (c) a depression-free economy. ( Mr. Ferguson further warns against a delusional proposition that bigger [...]
