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Charles Calomiris and Stephen Haber on Fragile by Design

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Bank Regulation

Most people don't understand the arcane aspects of bank regulation, to understand whatever implicit transfers and taxes are involved in that regulation. So that means that if if you are an ideologically a republican representative who wouldn't want to be sociated with a particular transfer, you're safe. Sybody knows, cause nobody knows it's going. And then you can do your deal in a hidden way. You know, even it we're looking at housing policy australia, which is unit cameral, a legislature, a it is a country that has also been very stable in terms of its financial system. But australia addresses issues of inequality directly through fiscal policy. What we do is, because

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