A couple of days ago I came across an article from Bloomberg, which I think is very telling about everything which is wrong about the recent hype about macroprudential policies.
This is from Bloomberg:
When Katja Taipalus came home from school every day in the Finnish town of Jalasjaervi, she knew her working parents wouldn’t be there. Instead, her retired grandfather, who also lived in the large wooden house, played cards and other games with her. They even repaired a car.
Those discussions taught her to stay focused when she became an economist and her research hit a dead end, she says. The end result: an indicator that helps detect asset-price bubbles in equity and housing markets — as much as a year in advance.
“Asset prices have been one of the main components as financial crises have built up,” she said in the Bank of Finland’s historic teller…
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Utopia, you are standing in it! 
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