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Academic
: ConglomerateTwo Links
By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring
- Here's an interesting take on the Fed's new mortgage broker rule.
- I quite enjoyed this long post on the natural selection of regulators, though it is pretty clearly wrong (ask yourself who creates agencies):
- Regulators have no natural predators
- Once regulation is established, it is remarkably difficult to remove it. This is largely a consequence of the same human tendency as discussed above: the attentional focus on catastrophe. Anyone who argues against regulation will be seen as being so cold-hearted or cavalier as to not care about the catastrophe that led to regulation being set up.
Full post as published by Conglomerate on March 28, 2011 (boomark / email).
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