John Coates on *The Problem of Twelve: When a Few Financial Institutions Control Everything*
Macro Musings with David Beckworth
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Managing the Problem: Suggestions for Addressing Few Financial Institutions' Control
Exploring potential solutions to the problem of concentrated financial institution control, this chapter suggests a work in progress approach with continuous iterations and controversy for effective management. Additionally, the episode proposes granting index funds like Vanguard the ability to reflect strong individual preferences through voting while advocating for cost-effective disclosure and recognition of triggering issues.
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