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Beware of economists who hide assumptions.

Anat R. Admati

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Anat R. Admati
Economists
Assumptions
Beware
Economist
Assumption
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Typical reaction to scrutiny: attack and mock messenger and message, minimize the problem, hope attention dies down.
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No business in the economy has the easy money that banks get to play with.... The existence of banks with single digit amounts of equity is a completely unhealthy existence -- that is not only a risk for the banks, but for all of us.
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Is this complicated, risky [banking] system the best we can have?
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