Shiller Sees Trump Regulations as 'Behavioral Economics'

The video discusses the challenges of regulatory growth, highlighting the tendency of regulators to add new regulations without reviewing old ones. It examines the 1980 statute requiring regular reviews and critiques its effectiveness. The video also explores President Trump's approach to regulation, which ties new regulations to the deletion of old ones, using behavioral economics to incentivize regulators. Additionally, it covers the Federal Reserve's focus on financial stability as a key mandate post-2008 crisis, emphasizing the need for proactive planning.

What fundamental problem with regulation is mentioned in the text?

What does the text suggest about the regular reviews of past regulations?

How does the text describe the proposed idea by President Trump regarding new regulations?

What is identified as a key mandate for the Federal Reserve after the 2008-2009 crisis?

Why is financial stability considered a difficult mandate according to the text?