In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so occasionally, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
I would argue that regulation protects people from themselves and the Federal Reserve and other regulatory organizations are really there to help us deal with human frailties, human behavior coupled with technology.
At the end of the discussion, we spoke with Lo about a different -- but interestingly, related -- topic: Buddhism, faith, and what insights they hold for financial regulation. You will see a bit of the discussion on the NewsHour Friday, but we continue it here with Lo's take on why religion is an important component of being human from an evolutionary psychology standpoint.