Fatal Conceit: What the Fed Imagines It Can Design
Enterprising Investor · CFA Institute
June 15, 201213m 2s
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Show Notes
In episode #159, Gary P. Brinson, CFA, discusses the impact that the Federal Reserve's prolonged low-rate environment is having on plan sponsors. He argues that we are observing Hayek's fatal conceit where a handful of people in the government imagine they can redesign markets and do better than markets themselves can.