Category Archives: Regulation
Reason writer compares California, Texas, and Bangladesh
Steven Greenhut helps Reason readers put the debates about the California and Texas economies in proper perspective. In California, Democrats control every state constitutional office and have an iron grip on the Legislature, where they always propose new regulations and seek new ways to secure additional tax revenues. In Texas, Republicans are dominant and Gov.Continue Reading
In case you think those congressional experts have fixed banking’s problems
If you need yet more evidence that the Dodd-Frank financial regulations will do little to solve the finance-related problems associated with the Great Recession, here’s the opening exchange of a Money magazine interview with Stanford finance and economics professor Anat Admati. The Big Question: Are we at risk of another banking crisis? Oh, yes. Definitely.Continue Reading
Think we need big banks?
Simon Johnson, professor of entrepreneurship at the Massachusetts Institute of Technology, offers an alternative view in the pages of Bloomberg Businessweek. Since you wrote your book 13 Bankers [in 2010], the situation of the big banks hasn’t changed much, has it? If the banks were too big to fail in September 2008, they’re even moreContinue Reading
When government gridlock is good
Thomas Woods likes to say, “Don’t just do something — stand there!” One suspects Woods might derive some pleasure in reading Bloomberg Businessweek‘s description of the dysfunctional Federal Election Commission. To say the FEC is broken is a parody of understatement. The agency’s structure—three Democratic commissioners and three Republicans, serving single six-year terms—means it oftenContinue Reading
