In the speech 'Breaking Down the Breakdown of Corporate Governance: Incentives, Information, and a Rational Course for Policy' Michael Moskow of the Federal Reserve Bank of Chicago said the long-term prospects for our economy are bright. The U.S. economy time and again has proven itself resilient and dynamic, driven by an entrepreneurial culture and market-based principles. As we reform our system of corporate governance, we will do well to keep these principles in mind.

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