Has Martin Wolf Been Reading too Many Comic Books?
J. Bradford DeLong's Grasping Reality with All Eight Tentacles —
... He writes:
The cautious approach to fixing banks will not work: With one bound the banks are free... ...
Pink picks
FT Alphaville —
Comment, analysis and other offerings from Wednesday’s FT, [image] Martin Wolf: The cautious approach to fixing banks will not work The financial system had to be rescued from its own mismanagement of risk, notes Wolf. This is not going to be changed by external supervision, which would be like moving regulatory deckchairs on the Titanic. It is going to be changed only by fixing incentives. Luke Johnson: Ambition and testosterone Ambition and testosterone are intimately connected. It seems that alpha males invariably have lots of both, and are driven to conquer ...

