36 Chambers – The Legendary Journeys: Execution to the max!

April 3, 2012

Banking Deregulation

Filed under: Economics — Kevin Feasel @ 6:00 pm

Pascal-Emmanuel Gobry makes the case for a deregulation of the entire financial system, as well as some external limitations on how large a bank can become.

I’m always sympathetic to deregulation, especially massive deregulation, and his plan seems pretty good to me.  I don’t know if the old partnership model would necessarily work as well as he suggests, but I doubt it could be worse than Too Big To Fail.

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  1. I think I understood about 60% of this article, but it sounds reasonable. I probably should have taken more economics classes in college, in hindsight.

    Comment by Tony Demchak — April 4, 2012 @ 11:23 pm

  2. Over a year ago I wrote an article “Regulating financial risks” (it was also reprinted by a couple of financial websites like Stockpedia).



    I stated the obvious, that to fix the financial system:

    - it has to be deregulated (rather than more regulated as it is quite often argued);

    - those running it must take personal responsibility/liability (this can be achieved for example by partnerships, abut there are other legal forms that can do this too).

    Today I have read your blog post which repeated my core arguments (without giving credit to the real source, i.e. myself).

    Well, draw your own conclusions…


    Greg Pytel

    Comment by Greg Pytel — May 25, 2012 @ 5:18 pm

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