Proposals for Effectively Regulating the U.S. Financial System to Avoid Yet Another Meltdown

Source: James Crotty & Gerald Epstein, Political Economy Research Institute, October 8, 2008

From the abstract:
Our current economic crisis is a result of cycles in which deregulation accompanied by rapid financial innovation stimulates powerful financial booms. In this paper the authors analyze a series of structural flaws in the current financial system that helped bring on the current crisis, and then propose a nine point regulation policy designed to end this destructive dynamic.

Leave a Reply