Last month, I sat down with Wayne Olson, chairman of the board of Foundation for Economic Education (FEE), one of the oldest free-market organizations in the United States to talk about the future of the financial system. Mr. Olson spent most of his career as a banker focused on fixed-income products with the international financial services institution Credit Suisse. Drawing from his extensive experience, we discussed the financial crisis, Wall Street’s culture of risk taking, financial services regulation, the housing market, and inflation concerns.
In Part I of the interview we focus on the causes of the financial crisis, monetary policy, risk management on Wall Street, the value of the FDIC, consumer confidence, and the importance of a strong dollar
In Part II (to be published on Thursday) we discuss taxes, the housing market, moral hazard, the importance of contracts, economic education, and what the prospects are for recovery.
Check out the first half of the interview, published today, here.