Phelps sobre o Caminho para a Prosperidade

Entre algumas propostas: Simplifying financial institutions, especially those with an implicit government backstop, must also play a role in rebuilding a dynamic economy. Ratings that pretend to take into account “systemic risk” might prove as dangerous as ratings that ignore such risk. Hedge funds, venture capital firms that actually venture into new things, and recreated merchant banks are relatively well suited to make financial decisions that require judgment, the ability to engage the unknown, and to do so over a horizon not dictated by quarterly earnings.