# Dennis Kelleher of Better Markets

Page: https://stenobird.com/podcast/paul-krugman-podcast-7703924/dennis-kelleher-of-better-markets
Text version: https://stenobird.com/podcast/paul-krugman-podcast-7703924/dennis-kelleher-of-better-markets.md
Podcast: [Paul Krugman Podcast](https://stenobird.com/podcast/paul-krugman-podcast-7703924)
Published: 2026-07-11T10:30:00+00:00
Episode link: https://paulkrugman.substack.com/p/dennis-kelleher-of-better-markets
Audio file: https://api.substack.com/feed/podcast/206557106/ab3a4d510a8cd580483950eed685b4ef.mp3
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JSON: https://stenobird.com/v1/public/podcasts/paul-krugman-podcast-7703924/episodes/dennis-kelleher-of-better-markets
Duration seconds: 3294

## Resource

For all my interviews and more, subscribe on YouTube . With everything else going on, the ongoing demolition of financial regulation and supervision, which is raising the risks of financial crisis, isn’t getting much attention. So I spoke with Dennis Kelliher, president of Better Markets , an independent think tank that is trying to sound the alarm. Full disclosure: my nephew works at Better Markets. But I would have wanted to talk to Kelleher regardless. . . . TRANSCRIPT: Paul Krugman in Conversation with Dennis Kelleher (recorded 7/10/26) Paul Krugman : Hi everyone. It seems hard to believe now, but the great financial crisis of 2008 and its aftermath are now in the distant past. I think, in fact, in November there will be some voters who weren’t born yet. But for some of us, it was a huge, defining event, and financial markets as a source of economic problems and instability hasn’t gone away. And I thought I would talk with Dennis Kelleher , who is the head of Better Markets , an independent think tank devoted to trying to make financial markets work better for the rest of us. And in the note, I’ll mention I do have a personal connection to Better Markets, but that’s not why I’m interviewing Mr. Kelleher. Dennis is a former Senate aide, and as you know, congressional staffers are one of the great sources of expertise in America. And we want to talk about financial markets, so hi. Dennis Kelleher : Hi. Thanks for having me, Paul. Good to see you. Krugman : Good to see you, too. I have a bunch of questions, but we can go wherever this goes. The first thing is, whenever I try to talk about financial market functioning, what comes up is that most financial assets are owned by a relatively small part of the population, even if you take 401(k)s into account. So why isn’t…

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## Transcript

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