'Freedom and Financial Market Reform' - Joshua Preiss @ InConversation скачать в хорошем качестве

'Freedom and Financial Market Reform' - Joshua Preiss @ InConversation

In this interview, Joshua advances a simple argument, but with major implications for freedom and markets and the ends of financial market reform. Drawing upon both political philosophy and economic history, he argues that economic freedom depends on the accountability of institutions that structure individual market choices. Failure to recognize this fact gives license to concentrations of political and economic power and exacerbates principal–agent problems, creating firms that are often too big to fail, and an industry whose regulation is often too complex to enforce. These trends virtually guarantee the outsourcing of one of the central tasks of government in a free society: the creation and maintenance of institutions that structure markets. Freedom-minded financial market reform should be directed at a simpler and more narrow banking and regulatory system that counters the ways in which complexity, instability, power and information asymmetries, and regulatory capture make people less free. A debate follows the interview. ‘In Conversation: Exploring the Philosophy of Money and Finance’is a series of meetings that explore the relationship between philosophy, money, and finance. Each interview is followed by a live debate, encouraging active audience participation. The sessions (interview plus debate) is 30 minutes long.