Forward Guidance
The Erosion of Institutional Accountability | Dr. Luigi Zingales on Bank Failures, Whistleblowing, and The Fed
Mar 7, 2024
The podcast discusses the erosion of institutional accountability, focusing on bank failures and whistleblowing. It explores potential solutions like the abolition of NDAs and the role of activist investors. The conversation touches on the future of financial technology, including Central Bank Digital Currency (CBDC) and the impact on commercial banks. The episode also delves into the complexities of the American economy post-financial crisis and the challenges faced by the commercial real estate sector.
54:57
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Quick takeaways
- Accountability & transparency crucial for addressing Fed's failures.
- Proposed commission to investigate Fed's inefficiencies and actions.
Deep dives
Professor Luigi Zingales Calls for an Investigation into the Federal Reserve's Failures
Dr. Luigi Zingales advocates for a commission to investigate the Federal Reserve due to its failures in handling inflation and raising rates. He criticizes the Fed for neglecting the collateral damage of its actions and failing to address the banking system's soundness. Zingales emphasizes the Fed's lack of attention to critical indicators reported by banks, leading to problematic outcomes.
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