Finance, Geography, & Sustainability Speaker Series: It Takes a Village to Maintain a General Financial System
What are the motivations and actions (or inaction) of individuals in the financial system, governments, central banks, academia and the media that collectively contribute to the persistence of a dangerous and distorted financial system and inadequate, poorly designed regulations? Reassurances that regulators are doing their best to protect the public are false. The underlying problem is a powerful mix of distorted incentives, ignorance, confusion, and lack of accountability. Willful blindnessseems seems to play a role in flawed claims by the system???s enablers that obscure reality and muddle the policy debate.