Conducting complicated, high-stakes budget negotiations on live television is a terrible idea — it’ll lead to preening and posturing and push negotiators toward oversimplified fixed positions rather than nuance or compromise. But the deeper problem is that it incentivizes negotiators to propose only safe and popular ideas, allowing both politicians and the people to shirk their core responsibilities.
Category: Economics
Mitigating Market Abuse
Those looking to find any unfair advantage and exploit markets are investing heavily in technology, so it is critical that regulators partner with industry solutions that have the resources to continue to innovate and take advantage of new technology such as big data, cloud computing, social media and sentiment analysis.
Misconstruing Germany Will Prove to Be Death of the Euro
After my introduction, one senior official explained the German position on a banking union in just five words: “We do not want it.” I looked around to see a sea of heads nodding in agreement.
Fiscal Discipline in the Monetary Union
From the perspective of the centralised versus decentralised debate, it is immediately apparent that the compact is a decentralised solution of the US type, even if the decentralised solution is centrally imposed.
Learning to Love Volatility: Nassim N. Taleb on the Antifragile
Fragility is the quality of things that are vulnerable to volatility. Take the coffee cup on your desk: It wants peace and quiet because it incurs more harm than benefit from random events. The opposite of fragile, therefore, isn’t robust or sturdy or resilient—things with these qualities are simply difficult to break.
Abnormal Capitalist 