An Occasional Crisis is the Cost of Innovation: The Case Against New Regulation of Financial Markets
[?]
Submitted by CARPE DIEM
THE ECONOMIST–Bold re-regulation could damage the very economies it is designed to protect. At times like this, the temptation is for tighter controls to rein in risk-takers, so that those regular, painful crashes could be avoided. It is an honourable aim, but a mistaken one.
