Author

Rick Bookstaber 28 posts 0 comments

Rick Bookstaber is currently working in Washington as Senior Policy Adviser to the Financial Stability Oversight Council and Senior Policy Adviser at the SEC. Before the current stint, Rick worked at Bridgewater Associates, ran the Quantitative Equity Fund at FrontPoint Partners and was in charge of risk management at Moore Capital Management. In investment banking, Rick was in charge of firm-wide risk and a member of Salomon Brothers' Risk Management Committee. Rick also spent ten years at Morgan Stanley, designing derivatives, doing proprietary trading, and concluding as the firm's first market risk manager. Rick is the author of four books and scores of articles on finance including A Demon of Our Own Design. Bookstaber received a Ph.D. in economics from MIT.

Monetary System

Secular Deflation

Rick Bookstaber
A cross post by Rick Bookstaber which originally appeared on his blog. My last post posited a future world where technology-driven production and consumption lead to a secular drop in demand, and with it a drop in employment, resulting in…

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More