The Ranting Kraut

19.3.2006 – 27.9.2010

Posts Tagged ‘financial crisis’

Taming the Bankers

Posted by rantingkraut on September 27, 2008

The current financial crisis predictably has socialists gloating about the demise of capitalism and the blessings of state regulation. They will probably be wrong about the demise of capitalism –a prolonged crisis not withstanding– but may have half a point about regulation. The question is how exactly a leash should be designed if investment bankers are to be kept on it.
Most free market economists would agree that financial markets need prudential
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