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​Why nations fail and volcker's shadow banking bargain

December 17, 2013 01:30

AFP Photo/Ernesto Benavides

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This week may prove to be an explosive one for the financial markets, given the possibility that the Fed may finally begin to pull back on its $85 billion-a-month bond-buying program. We'll tell you all about it. Plus, why are some nations prosperous while others struggle? Is it due to culture, the weather, geography? Not quite, according to researcher Daron Acemoglu, co-author of the book, "Why Nations Fail." Erin speaks with Professor Acemoglu about the role of institutions in creating economic prosperity. And voila! Is the Volcker verbiage venerated or vilified? Alexis Goldstein joins us to help deliver a verdict. Finally, while Jeff Bezos’s nifty little drone delivery gadget had everyone pumped about Amazon, the online retailer’s German workforce is not too pleased with their employer. Rachel Kurzius and Erin discus this in today’s Big Deal.

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