04 July 2012

Take 15: Fatal Conceit: What the Fed Imagines It Can Design (Video)

Posted In: Economics

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 in which a handful of people in the government imagine they can redesign markets and do better than markets themselves can.

This episode of the Take 15 Series was originally released on 15 June 2012.

Are you viewing this post on a mobile device? Download the CFA Institute app from iTunes or Android Market to watch this and other videos.

Tags: Fed, Take 15, Videos

Share On

About the Author(s)

Ron Rimkus, CFA

Ron Rimkus, CFA, was Director of Economics & Alternative Assets at CFA Institute, where he wrote about economics, monetary policy, currencies, global macro, behavioral finance, fixed income and alternative investments, such as gold and bitcoin (among other things). Previously, he served as SVP and Director of Large-cap Equity Products for BB&T Asset Management, where he led a team of research analysts, 300 regional portfolio managers, client service specialists, and marketing staff. He also served as a Senior Vice President and Lead Portfolio Manager of large-cap equity products at Mesirow Financial. Rimkus earned a BA degree in economics from Brown University and his MBA from the Anderson School of Management at UCLA. Topical Expertise: Alternative Investments · Economics

2 thoughts on “Take 15: Fatal Conceit: What the Fed Imagines It Can Design (Video)”

lmenwe says:

10 July 2012 at 18:06

Hey Ron would you like to comment on China’s labour? Will China face a labour shortage due to its one child policy? Will it cause a problem to China’s pension system?

Reply
Pingback: The Fatal Conceit and the Federal Reserve’s Operation Twist; Healthcare Explained | csinvesting