Mar/22
It Takes a Village to Maintain a Dangerous Financial System

Professor Anat Admati, George G.C. Parker Professor of Finance and Economics at the Graduate School of Business, Stanford University, will lead a discussion as part of the Finance, Geography, and Sustainability Speaker Series. She will expatiate upon the underlying problems in our financial systems.

What are the motivations and actions (or inaction) of individuals in the financial system, governments, central banks, academia and the media that collectively contribute to the persistence of a dangerous and distorted financial system and inadequate, poorly designed regulations? Reassurances that regulators are doing their best to protect the public are false.  The underlying problem is a powerful mix of distorted incentives, ignorance, confusion, and lack of accountability. Willful blindnessseems seems to play a role in flawed claims by the system’s enablers that obscure reality and muddle the policy debate.