Before anyone ever discusses the subject again, or listens to another banker bellyaching about how increased capital requirements will slow down economic growth and hurt everybody, he or she must read the scholarly study by an international group of researchers entitled “Fallacies, Irrelevant Facts, and Myths in the Discussion of Capital Regulation: Why Bank Equity…
First, thanks to Lawrence Baxter for inviting me here. I am a big fan of the new blog and its contributors. Re-energizing the conversation about regulation is an important task. I’ll mainly talk about health care regulation, but I thought I’d start out by joining a conversation in the news: the troubling parallels between failures…
Regulation is necessary to ensure that companies, pressured by the contraints of competition and the need to generate profits, take the precautions necessary to ensure public safety. The recent revelations about decisions made by BP before the gas blowout in the Gulf are once again a demonstration that strong, sophisticated and effective regulation must accompany…
Graphic examples of market externalities are to be found all around us.
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