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At least some of those siding with Professor Shiller worry that the new regulations put into place with the Dodd-Frank Wall Street Reform and Consumer Protection Act will not be strong enough to avert another crisis.
In contrast to the Kyoto Protocol, which was designed as a sort of warmup exercise (and which the United States never agreed to), this new treaty is supposed to be the real thing: a pact strong enough to avert, as Obama put it, "irreversible catastrophe".
Last May, the New York Federal Reserve argued that corporate equity market capitalization was strong enough to avert balance sheet problems for U.S. borrowers, even if the overall stock market declined by some 40%.
But in the long run, a treaty change may be unavoidable if the ECB is to be given adequate authority, and if the new resolution framework and deposit guarantee scheme are to be strong enough to avert a future financial crisis.
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If at the end of this three-year term Mr. Thompson concludes that Volkswagen has not done enough to avert future wrongdoing and create a stronger sense of ethics, the company might land back in United States courts.
Vote In 2014 Elections: Vote For Climate Leaders, Clean Energy Jobs - although clean energy is making some headway, unless we have strong leadership on climate change, there's a good chance that carbon pollution won't be cut fast enough to avert truly catastrophic changes in our kids futures.
But these & other measures were not enough to avert violence.
But that wasn't enough to avert bankruptcy in the bleak economy of 2009.
She estimated those cuts would save $50 million, enough to avert the closing of 20 firehouses.
But he conceded it was not enough to avert fiscal calamity.
But it was not enough to avert a tragedy on Sunday.
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CEO of Professional Science Editing for Scientists @ prosciediting.com