Trilemmas Aren’t Zoo Oddities.
Friday, November 18th, 2011(Originally posted 2010 APR – reposted by request) Mr. 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 never all three: (a) efficient capital markets; (b) no bailouts to big banks; or (c) a depression-free economy. ( Mr. Ferguson [...]
