Pierre de Vries wrote a fantastic post today on “More on Intelligibility vs. Transparency”
Here’s ONLY a quick extract
More on Intelligibility vs. Transparency
A commentary by Richard Thaler and Cass Sunstein, the co-authors of Nudge, also notes that the growing complexity of the financial world needs more attention; cf. my recent post Lessons for communications regulation from banking complexity. Not so long ago, most mortgages were of the 30-year fixed-r…
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Tags: policy complexity hard-intangibles
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