Kevin Warsh, a distinguished visiting fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business, gave a talk at Stanford titled “Real Regulatory Reform: A Practitioner’s Perspective.” Warsh emphasized three fundamental pillars of the economy—regulators, market discipline and capital standards—and how to apply them to government legislation. Warsh said, “Some will say it’s a bad thing, and others will say it’s a good thing, but too few will say ‘Dodd-Frank risks the following bad things, but there is an alternative.’”
Click here to read a New York Times article concerning Warsh's ideas.
Click here to read an article about Warsh's talk in the Stanford Daily.
Click here to view a pdf of Warsh's remarks at Stanford's Law School.