A widely used definition is by Dr. Jon Kabat-Zinn of the University of Massachusetts Medical School. He defines mindfulness as “paying attention in a particular way: on purpose, in the present moment and non-judgmentally.” What is monetary policy’s “present moment”?
On the contrary, by eliminating the quasi-rent “subsidy” of their riskier assets, it recalls them to prudence. Supervisory action works in the same direction. On the theoretical plane there is no conflict between competition and banking stability.