On December 10, 2013, the Federal Deposit Insurance Corporation approved the "Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds," part of the Dodd-Frank Act commonly known as the Volcker Rule.
Government regulators should take their cues from the statistics-obsessed sports geeks of Moneyball and use data and empirical evidence to evaluate rules, instead of relying heavily on intuition, anecdotes, dogmas, and impressions.
For the U.S. economy to reach its full potential, argues Edward Conard, Washington should decrease federal spending and ease government regulation. Fareed Zakaria demurs, contending that structural reform and government investment are what the U.S. economy needs most.
Nobel Laureate economist Joseph Stiglitz discusses how the lack of financial regulation creates market instability which results in inequality, and addresses ways to strengthen both the U.S. and international economy, to prevent further collapse.
Benn Steil's Financial Times op-ed shows that whereas the impact of the "Buffett Rule" on Warren Buffett's tax liability is trivial, the political capital he has accrued appears to be leveraging his investments.
A broad-sweeping look at international efforts to regulate the global financial system. This is part of the Global Governance Monitor, an interactive feature tracking multilateral approaches to several global challenges.
Stagnating wages and growing inequality will soon threaten the stability of contemporary liberal democracies and dethrone democratic ideology as it is now understood. What is needed is a new populist ideology that offers a realistic path to healthy middle-class societies and robust democracies.
Timothy F. Geithner, secretary of the U.S. Department of the Treasury, discusses economic growth, financial repair and reform, and the fiscal policies that challenge the U.S. economic recovery.This meeting was part of the C. Peter McColough series on International Economics.
The Council on Foreign Relations' David Rockefeller Studies Program—CFR's "think tank"—is home to more than seventy full-time, adjunct, and visiting scholars and practitioners (called "fellows"). Their expertise covers the world's major regions as well as the critical issues shaping today's global agenda. Download the printable CFR Experts Guide.