Posted on January 7th, 2009

The Bureaucrats vs. Bankers’ Tag Team Match

Just like on the good old WWE grunt ’n groan Battles Royale of good vs. evil on TV Wrestling, we’ve got a knock down drag out tussle over our Canadian banks’ lending practices, at this time of financial stress and market illiquidity. It seems that the Canadian banks are not following the government’s script of […]

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Filed under Economics

Why Governments Can’t Stop Market Crashes

NEIL REYNOLDS Globe and Mail Update January 7, 2009 at 6:00 AM EST Vernon Smith, the American economist who won a Nobel Prize in 2002 for his laboratory scrutiny of abstract economic theory, demonstrated that you can’t end market crashes by imposing more government regulations. Born to a poor Kansas farm family on Jan. 1, […]

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Filed under Economics