Financial Regulation Shouldn’t Be Hard—Here’s What We Need to Make It Work

The video discusses the safety of aviation compared to the fragility of financial systems, highlighting the complexity and opacity of global banking. It critiques the reliance on debt and the unhealthy relationship between banks and governments. The speaker suggests regulatory reforms and better identification of financial connections to improve system stability.

What does the speaker suggest about the relationship between banks and their incentives?

In what ways does the speaker believe the financial system can be improved?

What are the potential risks associated with the opacity of the banking system?