“Reasoned Audacity”
There, in “Berthe Morisot, or, reasoned audacity”, a book published by the Denis and Annie Rouart Foundation and the Marmottan Monet Museum (2005), is where I first saw the term “reasoned audacity”. And it took the breath out of me, as did, of course, Edouard Manet’s portrait of his sister in law.
Yes, absolutely, that´s it, I said to myself. If I was a regulator, “reasoned audacity” is what I would try to inspire the banks with, and not with the dysfunctional unreasonable risk-aversion current regulators are imposing, and to top it up, with their mindless capital requirements for banks based on perceived credit risks... being correctly perceived, and to top it up, even worse, much favoring the governments over the private sector.
Posts
