It’s widely believed that JPMorgan Chase’s recent $2 billion–plus loss proves we need the comprehensive banking regulation called for by the 2010 Dodd-Frank law.
That belief is wrong.
Read the rest of the op-ed here.
Proudly delegitimizing the state since 2005
"Aye, free! Free as a tethered ass!" —W.S. Gilbert
"All the affairs of men should be managed by individuals or voluntary associations, and . . . the State should be abolished." —Benjamin Tucker
"You must first enable the government to control the governed; and in the next place oblige it to control itself." —James Madison
"Fat chance." —Sheldon Richman
It’s widely believed that JPMorgan Chase’s recent $2 billion–plus loss proves we need the comprehensive banking regulation called for by the 2010 Dodd-Frank law.
That belief is wrong.
Read the rest of the op-ed here.
—Henry David Thoreau
"Free association . . . the only true form of society."
—Pierre-Joseph Proudhon
2 comments:
But but but Paul Krugman says this proves we need more regulation! And he's a genius, as he will gladly let you know at every opportunity.
Has anyone read Krugman's new book yet? I opened it and read a short but scathing commentary about Friedman, but wasn't willing to pay the $25.
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