All Posts Tagged With: "hedge funds"
A High Word-to-Fallacy Ratio, Indeed
“What kind of society gives that kind of money to people who produce … nothing?” –Chris Matthews, April 1, on the record 2009 salaries of hedge-fund executives And what kind of society pays Chris Matthews all that money say totally ignorant things on television every night? (I’m assuming I don’t have to comment on Matthews’s [...]
2Apr2010 | Sheldon Richman | 4 comments | ContinuedThe Mystique of Hedge Funds
Hedge funds are controversial these days. Though it’s unlikely that the average citizen or the average congressman could say just what hedge funds do, many are certain they must be reined in by additional regulation because they can—and do—cause widespread damage to our financial system. Almost everyone takes it for granted that regulation of some sort [...]
23Oct2009 | Warren C. Gibson | 1 comment | ContinuedBad Regulation Drives Out Good
In 1969 economist Harold Demsetz identified a flaw in much public policy analysis, the “Nirvana Fallacy”: “The view that now pervades much public policy economics implicitly presents the relevant choice as between an ideal norm and an existing ‘imperfect’ institutional arrangement. This nirvana approach differs considerably from a comparative institution approach in which the relevant choice [...]
17Jun2009 | Sheldon Richman | 0 comments | ContinuedOffshore Prosperity
Quick—without reading the next paragraph of this article, name the five largest financial centers in the world. Answers: London,Tokyo, New York, Hong Kong, and the Cayman Islands. New York is the financial capital of one of the largest and wealthiest nations in the world; London, the former capital of a globe-spanning empire and still the [...]
1Sep2005 | Andrew P. Morriss | 4 comments | Continued-
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