{"id":10097,"date":"2013-12-16T14:46:35","date_gmt":"2013-12-16T19:46:35","guid":{"rendered":"http:\/\/multiplier-effect.org\/?p=10097"},"modified":"2014-08-25T12:00:27","modified_gmt":"2014-08-25T16:00:27","slug":"returning-glass-steagall-isnt-answer","status":"publish","type":"post","link":"https:\/\/blogs.bard.edu\/multiplier-effect\/returning-glass-steagall-isnt-answer\/","title":{"rendered":"Why Returning to Glass-Steagall Isn&#8217;t the Answer"},"content":{"rendered":"<p>Dissatisfaction with the incomplete or timid nature of the 2010 Dodd-Frank financial reforms has generated interest in some alternative regulatory proposals. One alternative that&#8217;s fairly prominent in progressive circles revolves around the idea of returning to the structure of the 1933 Glass-Steagall Act.<\/p>\n<p>In this video, <a href=\"http:\/\/www.levyinstitute.org\/scholars\/?auth=151\">Jan Kregel<\/a> explains why we can&#8217;t go back. He argues that recent proposals to revive Glass-Steagall are based on a misunderstanding of what banks do and how they make their money.<\/p>\n\n<!-- iframe plugin v.6.0 wordpress.org\/plugins\/iframe\/ -->\n<iframe loading=\"lazy\" width=\"448\" height=\"252\" src=\"\/\/www.youtube.com\/embed\/_jQsajnbn44?start=648\" frameborder=\"0\" 0=\"allowfullscreen&gt;&lt;\/iframe\" scrolling=\"yes\" class=\"iframe-class\"><\/iframe>\n\n<p>You can find this video and others at the Levy Institute&#8217;s <a href=\"http:\/\/www.youtube.com\/channel\/UCmvJCmiT1N4-5Zl2tnBTEYA?feature=watch\">new YouTube page<\/a> (videos of speeches and panel discussions from two recent Levy Institute Minsky conferences, in Rio and Athens, will be made available. More to come).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Dissatisfaction with the incomplete or timid nature of the 2010 Dodd-Frank financial reforms has generated interest in some alternative regulatory proposals. One alternative that&#8217;s fairly prominent in progressive circles revolves around the idea of returning to the structure of the 1933 Glass-Steagall Act. In this video, Jan Kregel explains why we can&#8217;t go back. He [&hellip;]<\/p>\n","protected":false},"author":202,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[111,25],"tags":[126,1134,272,300,1130,823],"class_list":["post-10097","post","type-post","status-publish","format-standard","hentry","category-financial-reform","category-levy-institute","tag-dodd-frank","tag-financial-reform","tag-glass-steagall","tag-jan-kregel","tag-levy-institute","tag-youtube"],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/10097","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/users\/202"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/comments?post=10097"}],"version-history":[{"count":33,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/10097\/revisions"}],"predecessor-version":[{"id":11094,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/posts\/10097\/revisions\/11094"}],"wp:attachment":[{"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/media?parent=10097"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/categories?post=10097"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.bard.edu\/multiplier-effect\/wp-json\/wp\/v2\/tags?post=10097"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}