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Editorials and Opinion

2020

"The EU must be forged in this crisis or it will die," Financial Times, April 5, 2020.

"Save Capitalism From the Cares Act," with Amit Seru, Wall Street Journal, March 30, 2020.

"Why Mass Testing Is Crucial," City Journal, March 27, 2020.

"Coronavirus bailouts are coming: Here's the smart way to help businesses and workers," MarketWatch, March 23, 2020.

2019

"America Was Born Fighting Monopolies," with Filippo Lancieri, American Conservative, November 2, 2019.

"Don't trust CEOs who say they don't care about shareholder value anymore," Washington Post, August 20, 2019.

2018

"Public companies should prioritise shareholder welfare, not value," Financial Times, November 11, 2018.

"Who Will Flinch in a Game of Chicken Between Italy and the E.U.?" New York Times, November 1, 2018.

"How E.U.'s Google Fine Explains High Cellphone Costs in the U.S.," New York Times, July 24, 2018.

"It's Time to Choose Democracy Over Financial Markets," Foreign Policy, May 31, 2018.

"Italy's Populists Can Beat Europe's Establishment," Foreign Policy, April 3, 2018.

"Italy's Election Is a Shipwreck," Foreign Policy, February 27, 2018.

2017

"It's time to rethink Milton Friedman's 'shareholder value' argument," with Oliver Hart and Asher Schechter, Chicago Booth Review, December 7, 2017.

"Serving Shareholders Doesn't Mean Putting Profit Above All Else," with Oliver Hart, Harvard Business Review, October 12, 2017.

"A Way to Own Your Social-Media Data," with Guy Rolnik, New York Times, June 30, 2017.

2016

"Is Trump the Godfather of trade?" CNN, December 8, 2016. 

"The Right Way to Resist Trump," New York Times, November 18, 2016.

"Where Was Wells Fargo's Board?," Bloomberg, October 20, 2016.

"Uncompromisingly Rajan: Ability to say no and to live happily with consequences makes him unique," The Indian Express, June 22, 2016.

"Why a strong economy needs a strong press," Chicago Booth Review, May 21, 2016.

"To get Trump's appeal, look to why Italy elected Berlusconi," Chicago Tribune, May 6, 2016.

"Donald Trump, Crony Capitalist," New York Times, February 23, 2016.

2015

"A strong press is best defence against crony capitalism," Financial Times, October 18, 2015.

"Is Money Corrupting Research?" New York Times, October 9, 2015.

"Italian Policy for Europe and Alliances," Il sole 24 ore, May 30, 2015.

"Rewarding the Whistleblowers," Il sole 24 ore, March 26, 2015.

"Can Wonks Save Finance From Itself?," Bloomberg View, January 11, 2015.

2014

"The New York Fed: A "Captured" Regulator," Il sole 24 ore, September 30, 2014.

"Pope Francis' Management Lesson," Il sole 24 ore, September 26, 2014.

"The Helicopter That Draghi Needs," Il sole 24 ore, August 20, 2014.

"Gary Becker, the Human Face of Economics," Il sole 24 ore, May 6, 2014.

"Making Credit to Beat Deflation," Il sole 24 ore, April 2, 2014.

"So that Merit can Look to Public Nominations," Il sole 24 ore, March 1, 2014.

"The ‘Bad’ Bank Is Ok, But Without the Destruction of Companies," Il sole 24 ore, February 18, 2014.

"The Problem Is What Is Here Is Wrong," Il sole 24 ore, January 30, 2014.

2013

"Saying No to the Markets Is a Gift to the Banks," Il sole 24 ore, December 20, 2013.

"If Obama Does Not Give in to the Tea Party," Il sole 24 ore, October 15, 2013.

"The Federal Reserve’s Captive Minds," Project Syndicate, October 15, 2013.

"A Central Banker With Brains and a Heart," Il sole 24 ore, October 10, 2013.

"German banks at the top of the cosseted heap," The Japan Times, July 23, 2013.

"German Banks on Top," Project Syndicate, July 18, 2013.

"We, the Corporations?," Project Syndicate, May 31, 2013.

"ECB head Mario Draghi’s opiate of the markets," The Japan Times, March 27, 2013.

"Mario Draghi’s Opiate of the Markets," Project Syndicate, March 22, 2013.

"Italy a Preview of Coming Attractions," Orange County Register, March 1, 2013.

"Big Spending Stunts Future Growth," Orange County Register, February 4, 2013.

"Mortgage fraud culture has its walk of the stars," The Japan Times, February 1, 2013.

"Financial Stars Behind Bars?," Project Syndicate, January 28, 2013.

"Congress Needs to Keep Debt Ceiling," Orange County Register, January 21, 2013.

"Fiscal Deal a GOP Tactical Victory," Orange County Register, January 11, 2013.

2012

"Pulling the OMT Trigger," Project Syndicate, November 20, 2012.

"Democracy’s Burning Ships," Project Syndicate, September 24, 2012.

"We Would Be Better Off Had Romney Been President," Bloomberg, September 23, 2012.

"The Ryan Reset," City Journal, August 29, 2012.

"Banking Union Is Last Gambit to Save Euro Dream," Bloomberg, July 29, 2012.

"Do Business Schools Incubate Criminals? ," Bloomberg, July 16, 2012.

"Orphan Ideas," Project Syndicate, July 13, 2012.

"How Romney Can Win," City Journal, July 8, 2012.

"The Angry Americans," Los Angeles Time, July 5, 2012.

"The College Graduate as Collateral," The New York Times, June 13, 2012.

"Why I was won over by Glass-Steagall," Financial Times, June 10, 2012.

"Crony Capitalism and the Crisis of the West," The Wall Street Journal, June 6, 2012.

"How Financial Regulation Can Be Market Friendly," Bloomberg, May 31, 2012.

"No Shareholders’ Spring," Project Syndicate, May 31, 2012.

"Restored Competition Will Lessen U.S. Inequality," Bloomberg, May 30, 2012.

"How Political Clout Made Banks Too Big to Fail," Bloomberg, May 29, 2012.

"End Double Mandate to Save Fed’s Independence," Bloomberg, April 5, 2012.

"The Greek Tragedy, Act II," Project Syndicate, March 19, 2012.

"Central Bankers in the Line of Fire," Project Syndicate, February 2, 2012.

"ECB Loosening Could Ensure Italy’s Fiscal Rigor," Bloomberg, January 18, 2012.

2011

"Dirty Dealers," Project Syndicate, November 29, 2011.

"Who Killed Horatio Alger?," City Journal, Autumn 2011.

"The Unexamined Crisis," Project Syndicate, September 22, 2011.

"The Unexamined Crisis," Il sole 24 ore, September 22, 2011.

"A "Cencelli" handbook of a bank and of the Country," Il sole 24 ore, September 10, 2011.

"How a Debt Exchange Could Ease Europe’s Crisis," Bloomberg: Business Class, September 8, 2011.

"Tax Trio Would End Euro Arson," with Roberto Perotti, Bloomberg: Business Class, July 28, 2011.

"The Perverse Politics of Financial Crisis," Project Syndicate, July 25, 2011.

"The GOP’s Strongest Candidate," City Journal, Summer 2011.

"Make Money Market Funds Go to Market," Bloomberg: Business Class, May 27, 2011.

"Dodging the Trump Bullet," City Journal, May 19, 2011.

"The Derivatives Market’s Helpful Enemies," Project Syndicate, May 18, 2011.

"The Dark Underbelly of Finance," Project Syndicate, March 22, 2011.

"Minding a world banker’s conflict of interest," The Japan Times, February 13, 2011.

"Strauss-Kahn’s Choice," Project Syndicate, February 2, 2011.

"How to Improve the Financial-Reform Law," City Journal, Winter 2011.

2010

"Financial Alchemy," Project Syndicate, December 23, 2010.

"Unpopular Financial Reform," City Journal, October 29, 2010.

"The Scaremongers of the Roundtable," Project Syndicate, October 26, 2010.

"The Bonus Risk," Project Syndicate, August 18, 2010.

"Banking on the IMF," Project Syndicate, June17, 2010.

"A Better Plan for Greece," City Journal, May 7, 2010.

"Brand, but don’t ban, credit default swaps," The Japan Times, May 6, 2010.

"Credit Default Swaps on Trial," Project Syndicate, April 19, 2010.

"Curbing Risk on Wall Street," with Oliver Hart, National Affairs, Spring 2010.

"The Menace of Strategic Default," City Journal, Spring 2010.

"How to Make a Bank Raise Equity," with Oliver Hart, Financial Times, February 7, 2010.

  • AUDIO: Bloomberg Radio: Commentary "How to Make a Bank Raise Equity," Part 1 & Part 2, February 9, 2010.

VIDEO: CNN: "Mortgage Morality: Walking Away from Underwater Mortgages," February 1, 2010

2009

"A Tax on Short-term Debt Would Stabilize the System," Financial Times, December 16, 2009.

"A Loan Modification Approach to the Housing Crisis," with Eric A. Posner, December 4, 2009.

"How to Avoid a New Financial Crisis," with Oliver Hart, November 2009.

"An Economic Agenda for the GOP," City Journal, Autumn 2009, Vol. 19 No. 4.

"Lehman and the Financial Crisis," with John Cochrane, The Wall Street Journal, September 14, 2009.

"Capitalism After the Crisis," National Affairs, Fall 2009.

"Pay Regulation Is Not the Best Way to Address Moral Hazard," Financial Times, August 17, 2009.

VIDEO: Bloomberg News: "Inside Look - Market-Based Regulation," July 27, 2009.

VIDEO: Yahoo! Finance: "Wall St. in Danger of Losing Its Crown as King of Finance," July 21, 2009.

"Wall Street 2015," commentary in Forbes.com, July 13, 2009.

Response to "Lin roundtable: Leave room for growth," Economist.com, July 11, 2009.

"Moral and Social Constraints to Strategic Defaults on Mortgages," with Paola Sapienza and Luigi Guiso, June 2009.

""Dilute or Die," The Economist, May 14, 2009.

"Banks Need Fewer Carrots and More Sticks," with R. Glenn Hubbard and Hal Scott, The Wall Street Journal, May 6, 2009.

"Stop Subsidizing the Street," with Paola Sapienza, City Journal, April 29, 2009.

AUDIO: Bloomberg News "Regulation of Financial Institutions," April 2, 2009.

"A New Regulatory Framework," Forbes, March 31, 2009.

"To Regulate Finance, Try the Market," with Oliver Hart, Foreign Policy, March 30, 2009.

"The New Geithner Plan is a Flop," New York Daily News, March 25, 2009.

Economist.com Debate: "Keynesian principles: This house believes we are all Keynesians," debate with Brad DeLong, Economist.com, March 10, 2009.

"The Better, Cheaper Mortgage Fix," with Eric Posner, Slate, March 2, 2009.

"Anti-Trust America" with Paola Sapienza, City Journal, February 27, 2009.

""Geithner's AIG Strategy," with Pietro Veronesi, City Journal, February 19, 2009.

"People’s Will or Wall Street’s Will?" with Paola Sapienza, February 11, 2009.

"From Awful to Merely Bad: Reviewing the Bank Rescue Options" with R. Glenn Hubbard and H. Scott, The Wall Street Journal, February 7, 2009.

"How Big Finance Bought the Bailout Plan" with Paola Sapienza, Foreign Policy, February 2009.

"A Trust Crisis," with Paola Sapienza, January 27, 2009.

"Let's Stimulate Private Risk Taking," with Alberto Alesina,The Wall Street Journal, January 21, 2009.

"Yes We Can, Mr Geithner," VOX, January 19, 2009.

2008

"Greenspan roundtable: The wrong prescription," Economist.com Free Exchange, December 20, 2008.

"Economists Have Abandoned Principle," with Oliver Hart, The Wall Street Journal, December 3, 2008.

"A Bankruptcy to Save GM," with Joshua Rauh, November 18, 2008.

"Plan B," The Economists' Voice, 2008, Vol. 5: Iss. 6, Article 4.

"How to Fix the Credit Mess Without a Government Bailout: Quickie Bankruptcies," Forbes, October 27, 2008.

"Causes and Effects of the Lehman Brothers Bankruptcy," Testimony Before the Committee on Oversight and Government Reform, United States House of Representatives. October 6, 2008.

  • VIDEO: US House Representatives: Testimony (Luigi's testimony begins at 20:30).
  • VIDEO: C-span interview prior to Congressional Testimony.

"Plan B," The Economists' Voice, October 2008, Vol. 5: Iss. 6, Article 4.

"Reject Henry Paulson's Raw Deal - There's a Far Better Solution," New York Daily News, September 24, 2008.

"Let's Get the Bank Rescue Right," with R. Hubbard and H. Scott, The Wall Street Journal, September 24, 2008.

"Why Paulson is Wrong," The Economists' Voice, 2008, Vol. 5: Iss. 5, Article 2.

"Protest Letter sent to Congress on Wed Sept 24 2008 regarding the Treasury plan as outlined on that date.


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