All Posts Tagged With: "hedge funds"
The 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 | 0 comments | 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 is [...]
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The End of Prosperity: How Higher Taxes Will Doom the Economy–If We Let it Happen
By Arthur B. Laffer, Stephen Moore, and Peter J. Tanous
