There is no mystery about how to simplify the financial system. The main obstacles are political.
Robert Johnson
Robert Johnson, formerly the chief economist of the Senate Banking Committee, is the director of global finance and senior fellow at the Roosevelt Institute in New York and the executive director of the Institute for New Economic Thinking.
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The Rich and Powerful Can Avoid Risk
Managing and balancing risk in the future is an organic human problem, a political problem, and a problem of power. The question is how to remedy the fact that some players have the power to shift risks and to use the political process for insurance, while others do not.