@capital_isnt: WOULD YOU BUY unregulated snake oil? Harvard economist asks why we treat personal finance like 1900s medicine. 🐍 John Campbell argues that today's personal finance landscape mirrors the unregulated medicine market of 120 years ago, leaving everyday people vulnerable to incredibly destructive products. 📉 Using the example of an Enron employee who lost all of their retirement savings, Campbell contends that society shouldn't just shrug and tell financial victims they "should have been smarter". 🏛️ Rather than relying solely on individuals to research their way out of danger, Campbell advocates for a safer system where the absolute worst financial mistakes are purposefully hard to make. Full episode with John Y. Campbell & Tarun Ramadorai — authors of Fixed: Why Personal Finance Is Broken — and host Bethany McLean. Link in bio. #PersonalFinance #FinancialRegulation #HouseholdFinance #BehavioralEconomics
