There is a very real danger that financial regulation will become a wolf in sheep's clothing.

In China, export lobbies have fought for policies that favor their interests and limit foreign competition.

I see the underlying economy as being very healthy.

For market discipline to constrain risk effectively, financial institutions must be allowed to fail. Under optimal financial regulatory and financial system infrastructures, such a failure would not threaten the overall system.

As a Christian Scientist, I don't go to doctors and get diagnoses.

My preference is for the Federal Reserve to be the systemic risk regulator, because the responsibility for identifying and limiting potential problems is a natural complement to its role in monetary policy.

There are some things that you can work on immediately.