Comments on: Francis Fukuyama on Big Banks http://www.arnoldkling.com/blog/francis-fukuyama-on-big-banks/ taking the most charitable view of those who disagree Mon, 21 Dec 2020 00:12:22 +0000 hourly 1 https://wordpress.org/?v=4.0.32 By: Prakash http://www.arnoldkling.com/blog/francis-fukuyama-on-big-banks/#comment-454483 Fri, 07 Nov 2014 07:36:10 +0000 http://www.arnoldkling.com/blog/?p=4215#comment-454483 A part of the solution is available in the standard ends-means split.

Let the legislature decide the parameters on which the executive is to be judged, provide the utility function to say. Maybe after that , it will not be left with much to do except supervision of the authorities that will provide the actual feedback. (but that could be done with an independent inspector general/ ombudsman as well)

Let the independent well paid executive implement whatever policy, process that satisfies the utility function the best.

Let the judiciary be privy to cases where obvious violations of anything , (eg. means-ends split or other stuff) have been done.

]]> By: regularjoeski http://www.arnoldkling.com/blog/francis-fukuyama-on-big-banks/#comment-454476 Thu, 06 Nov 2014 21:14:30 +0000 http://www.arnoldkling.com/blog/?p=4215#comment-454476 Do not underestimate capture of the judicial branch by banks. That is easier than capture of legislatures and agencies.

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