Articles by Alex J. Pollock
Living in the Political Wake of the Bubble
Monday, January 3, 2011
- We are repeating history and thus will repeat the mistakes of history; here are four ideas to make sure the future is better than the past.
Why the Fed Cannot Regulate ‘Systemic Risk’
Saturday, November 13, 2010
- A systemic risk advisor might help ameliorate bubbles and busts, though not avoid financial cycles.
Is Economics a Science?
Saturday, November 6, 2010
- It would be, if it weren’t for the people.
It’s Easier to Be Brilliant than Right
Saturday, September 25, 2010
- There is a danger with intellectual brightness. It is to overemphasize and develop a bias for cleverness, quickness, facility with data, and the ability to ...
Error vs. Fraud
Monday, January 4, 2010
- How do groups of intelligent, sophisticated bankers, investors, borrowers, entrepreneurs, and traders find themselves caught together in the recurring bubbles ...
TARP and Leviathan
Monday, November 30, 2009
- In the world after the crisis, how can we move toward reprivatization? Alternately stated, how can we put the enlarged Leviathan on a diet?
It Wasn’t a Bubble—It Was a Double Bubble
Saturday, September 12, 2009
- Many are accustomed to thinking in terms of a 'housing bubble.' But this is only part of the story. In fact, the first decade of the 21st century brought us a ...
Ten Ways to Do Better in the Next Financial Cycle
Tuesday, July 28, 2009
- We can do better next time provided we take these steps.
The Greenspan Gamble
Wednesday, June 3, 2009
- In the wake of the burst tech stock bubble and the shock of the terrorist attacks, the Greenspan Gamble was to purposefully ignite a housing boom. Ex ante, it ...
Why Not Negative Interest Rates?
Thursday, May 21, 2009
- Could we have negative nominal interest rates to combat a potential deflation? The question is debated from time to time, especially recently. It may seem ...
Is a ‘Systemic Risk Regulator’ Possible?
Tuesday, May 12, 2009
- Political reaction to financial crises is usually accompanied by what proves to be greatly overstated expectations about its future effectiveness.
Did They Really Believe House Prices Could Not Go Down?
Thursday, April 9, 2009
- A wise saying is, ‘Many things previously considered impossible nevertheless came to pass.’
Out With the Old Banks, In With the New
Friday, February 20, 2009
- Creating new banks deserves to be a priority, but regulations make it difficult.
Bank to the Future
Monday, February 2, 2009
- With talk of a ‘Bad Bank’ we are back where we were with the original TARP. Here’s how to get it right this time.
A Theory of Two Big Balance Sheets
Friday, January 16, 2009
- Alex Pollock explains the recent period of bubbles, busts, and bailouts—with lessons for improving the financial system.
Your Guide to the Housing Crisis
Monday, May 5, 2008
- With the financial world in turmoil, here’s a handy guide to the bursting of the housing market bubble.
What Happened to Liquidity?
Friday, September 21, 2007
- ALEX J. POLLOCK examines the subprime mortgage bust and explains why “liquidity” is often a misleading metaphor.
Subprime Bust Expands
Monday, August 6, 2007
- To the students of history, the vicious cycle around the bust is all too familiar.
Send Sarbanes-Oxley to the Court of Investors
Friday, May 4, 2007
- A new study sees only one side of the cost/benefit picture.
To Make Mortgages Fair, Keep Disclosures To a Page
Wednesday, May 2, 2007
- A simple summary is the best way to make sure borrowers understand their loans.
Thursday, March 8, 2007
- Recent trouble in the riskiest part of the mortgage market fits a surprisingly consistent historical pattern.
The SEC Takes a First Step Toward Reform
Friday, December 15, 2006
- The Sarbanes-Oxley Act, particularly the notoriously inefficient implementation of its Section 404, has become a synonym for wasteful expense, bureaucracy and ...