Intelligence Squared debate: Years after the global financial crisis, is the system safer?
A debate from the Intelligence Squared series.
The debate motion: Ten years after the global financial crisis, the system is safer.
FOR:
Jason Furman, former chairman, Council of Economic Advisers & senior fellow, Peterson Institute.
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"Overall, our banking system is safer. Our non-financial system is safe. Our international system is safer. Monetary and fiscal policy have just about as much room as they had before the crisis."
AGAINST:
Kenneth Rogoff, American economist & professor, Harvard University.
"When you have financial crises, the next war's usually pretty different than the last war. It's important to prepare for what happened last time, but a critical element of the system is the leadership, making decisions."
FOR:
Neel Kashkari, president, Federal Reserve Bank of Minneapolis & former assistant secretary, U.S. Treasury Department.
"The biggest banks are safer than they were 10 years ago, and we should be honest about that."
AGAINST:
Robert Rosenkranz, chairman, Delphi Capital Management & Intelligence Squared U.S. Foundation.
"If you imagine that the financial system is a car at the crest of a hill, it's gotten out of control, a lot of the accelerators of trouble are at least as much as they were ten years ago, if not more."
To listen to the debate, click the audio player above.