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Bridge over ocean
6 May 2012 Multimedia

Fatal Conceit

What the Fed Imagines It Can Design

  1. Gary P. Brinson, CFA

Gary P. Brinson, CFA, discusses the impact that the Federal Reserve’s prolonged low-rate environment is having on plan sponsors.

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

The Take 15 Series is a series of short interviews with leading practitioners on timely topics focused on the investment profession.