Recognizing the importance of systemic risk is far from novel, but thinking about risk this way points to another deeply flawed feature of the current regulatory system.

FORBES: Get Briefed: Thomas Cooley

It is this ethical commitment to rigor that distinguishes philosophy (at least in its analytical form) from science, which has begun facing a veritable inquisition, both in the academic and popular press, for sloppy thinking, cherry picking data, systemic bias and, in some cases, outright fraud.

FORBES: The Wrongs Of Righteous Research

The thinking here is that the bond price sold off because of systemic risks at the core economies, not because of Russia.

FORBES: Where Investors Are Being Paid To Take On Risk