Is the Banking System the Best Way to Promote Economic Growth?

Sally Kohn: I was thinking about like, ideally the government would be countercyclical to the pro-cyclicality of a general economy. But as with everything comes with commensurate trade-offs, right? If we reduce capital requirements, we're banking banks a little bit shakier, she says. And in the Minsky sense, its stability breeds instability might look good for a while.Kohn: We haven't really come to terms with what's really been the drivers of economic growth and most of our lifetimes. The future is not going to be as rosy as we all believe it to be because you know, there's a bit of irrational ex