We want to have market discipline. We want to lenders to, large firms to believe that they can fail and therefore to take due care to make sure that the firms they are lending to are not taking excessive risks.
Bernanke advocates for market discipline to prevent excessive risk-taking.
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Lower paid workers, as well as women and minorities, are over-represented in the most affected sectors, and, thus, have borne a disproportionate share of the job and income losses.
Nothing is more important for restoring economic growth than improving public health.
Making derivatives safer is very important, part of solving Too Big to Fail and preventing another financial crisis.
We can't defund the police. We need police, but there are concerns about police community relations and police behavior.
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