A debate between former Fed Chairman Alan Greenspan and Representative Barney Frank is taking place in newsprint. In a March 29 editorial, Greenspan writes that the global financial system is too complex and \u201cunredeemably opaque\u201d for regulators to succeed. As a result, Dodd-Frank would \u201ccreate the largest regulatory-induced market distortion since America\u2019s ill-fated imposition of wage and price controls in 1971.\u201d<\/p>\n
On April 3, the joint sponsor of the Dodd-Frank Act replied \u201cAlan Greenspan suggests we should not even have tried.\u201d Frank believes we have the tools, ability and responsibility to overcome the complexity. \u201cPolicymakers must ensure that whatever its size, the financial sector is operating transparently under clear rules that protect taxpayers and promote the stability and growth of the broader economy.\u201dA debate between former Fed Chairman Alan Greenspan and Representative Barney Frank is taking place in newsprint. In a March 29 editorial, Greenspan writes that the global financial system is too complex and \u201cunredeemably opaque\u201d for regulators to succeed. As a result, Dodd-Frank would \u201ccreate the largest regulatory-induced market distortion since America\u2019s ill-fated imposition of wage and price controls in 1971.\u201d<\/p>\n
On April 3, the joint sponsor of the Dodd-Frank Act replied \u201cAlan Greenspan suggests we should not even have tried.\u201d Frank believes we have the tools, ability and responsibility to overcome the complexity. \u201cPolicymakers must ensure that whatever its size, the financial sector is operating transparently under clear rules that protect taxpayers and promote the stability and growth of the broader economy.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"
A debate between former Fed Chairman Alan Greenspan and Representative Barney Frank is taking place in newsprint. In a March 29 editorial, Greenspan writes that the global financial system is too complex and \u201cunredeemably opaque\u201d for regulators to succeed. As a result, Dodd-Frank would \u201ccreate the largest regulatory-induced market distortion since America\u2019s ill-fated imposition of […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[544,602,601,600,603],"class_list":["post-654","post","type-post","status-publish","format-standard","hentry","category-global-news","tag-dodd-frank","tag-financial-regulation","tag-frank","tag-greenspan","tag-transparency"],"_links":{"self":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=654"}],"version-history":[{"count":3,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/654\/revisions"}],"predecessor-version":[{"id":657,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=\/wp\/v2\/posts\/654\/revisions\/657"}],"wp:attachment":[{"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irken.jp\/gn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}