Tuesday, March 31, 2009

Go for Narrow Banking says Edmund Phelps

Phelps Says U.S. Needs Banks Dedicated to Businesses -podcast

6th Annual Conference: Emerging from the Financial Crisis

A summary of the conference

Ned Phelps of Columbia and Robert Shiller of Yale took up the issue of the housing market, with Phelps arguing that banks should be financing productive business endeavors rather than creating real estate bubbles. Shiller felt it was time to take steps to democratize finance by making professional financial advice more accessible and providing homeowners with simple risk management tools, such as clearly priced mortgage contracts.

John Kay finally on Bloomberg talking heads!

1 comment:

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