IT’S THE GOVERNMENT FAILURE, STUPID

Mark Perry and Robert Dell identify six major government failures which gave us The Great Recession:

we identify a potent mix of six major government policies that together rewarded short-sighted collective risk-taking and penalized long-term business leadership:

1. Bank misregulation, in particular the international Basel capital rules, including a U.S. adaptation to them—the 2001 Recourse . . . → Read More: IT’S THE GOVERNMENT FAILURE, STUPID

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Democracy is the only method of peaceful change of government yet discovered. — F. A. Hayek

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