Saturday, January 4, 2014

The Fed's Fisher

Richard Fisher is one of the few Federal Reserve board members who has been publically vocal about his disapproval of all the quantitative easing Bernanke has been implementing as well as the feds tacit acceptance of the "too big to fail" doctrine.  And in his last episode of EconTalk, Russ Roberts gives Fisher room to talk:
Richard Fisher, President of the Federal Reserve Bank of Dallas, talks with EconTalk host Russ Roberts about the problems with "too big to fail"--the policy idea that certain financial institutions are too large to face the bankruptcy or failure and need to be rescued or bailed-out. Fisher argues that "too big to fail" remains a serious problem despite claims that recent financial regulation has eliminated it. Fisher discusses various ways to deal with too-big-to-fail, including his own preferred policy. The last part of the conversation deals with quantitative easing and monetary policy during the crisis.
As always with EconTalk, it's an hour very well spent.  Get it here.