Megan McCardle
Makes the point. The latest meme is that the entire financial crisis was caused by deregulation. Asking any follow up question of those who claim this will result in stuttering and delay as they sprint back to their computer to head to Wikipedia. Certainly regulation of financial markets is important. In fact, free markets and capitalism rely on precise rules. But I think her point is accurate. Many of those screaming for additional regulation really don't give a shit about the health of the financial system.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment