The Danger in Regulating
Sep 30th, 2008 | By Adrian Ash | Category: Politics & EconomicsWe love this nugget of irony, idiocy or just plain hypocrisy so much, we have to repeat it — clutching our sides and doubling-up in laughter, tears streaming down our disbelieving faces:
“The reality of the situation is that an open, competitive, and liberalized financial market can effectively allocate scarce resources in a manner that promotes stability and prosperity far better than governmental intervention…”