Ben Bernanke said...

Financial risk tends to migrate around regulatory obstacles like a river flows around rocks.

We can't defund the police. We need police, but there are concerns about police community relations and police behavior.

Banks are not going to lend out the reserves at a rate lower than they can earn at the Fed.

As I have said many times, I think that fiscal policy is focusing a bit too much on the short run, and not enough on the...