“The way to make a train go fast is to keep it from going slow.”
July 29th, 2014 at 2:59 pm

That bit of Zen was told to me by one of the nation’s foremost rail experts back when I worked on that issue. He was explaining that part of developing a high-speed rail system entails straightening out existing curves in the track. But to me, it’s become a metaphor for the importance of financial market oversight.

Continue reading Jared Bernstein: Financial Market Oversight, Economic Recoveries, and Full Employment: Some Crucial Linkages →