Finance Goes to Hollywood
Politicians often attempt to win elections by appealing to popular anger against bankers and speculators, a sentiment reflected in countless Hollywood films, from The Wizard of Oz to Dumb Money. But while some do try to improve regulation once in office, many do precisely the opposite.
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CAMBRIDGE – Over the years, Hollywood films have had much to say about financial markets and institutions – often reflecting a distinctly populist perspective. At a time when both populism and financial volatility are much in evidence, what lessons might these films hold about regulation?