The Erosion of Institutional Accountability | Dr. Luigi Zingales on Bank Failures, Whistleblowing, and The Fed
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Timestamps:
(00:00) Introduction
(00:29) Is It Time To Investigate The Fed?
(01:45) There Needs To Be A Sacrificial Lamb
(07:21) Accountability In The Private Sector
(11:20) Activist Investors Can Help If Company's Issues Are Financial In Nature
(15:49) Potential Solutions: Whistleblowers And Abolition Of NDAs
(17:39) VanEck Ad
(18:36) Moving Beyond Sarbanes-Oxley
(26:26) ESG Space Has Attracted A Lot Of "Charlatans" Precisely Because The Issue Is So Important
(33:37) The Future of Financial Technology (FinTech)
(36:42) A Central Bank Digital Currency (CBDC) Would Be "Much More Efficient"
(43:22) With CBDC, All Short-Term Demand Deposits Would Be With Fed, and Commercial Banks Would Fund Themselves With Term Deposits (i.e. CDs)
(46:47) On Economics As A Field
(48:52) Has U.S. Entered A New Era Of Secularly Higher Growth?
(50:07) Are Interest Rates Too Restrictive?
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Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.