Replacing Market Failure With Regulatory Failure

Edward Harrison submits:This is the fifth in a series of posts about ideas for financial reform generated by the “Make Markets Be Markets” conference I attended yesterday in New York City on 3 Mar 2010. You can download all of the written presentations here.Let’s talk about regulatory capture and financial reform for a few minutes. Arnold Kling has an interesting take on last week’s conference. He wasn’t there, but did see the videos online. In a recent post, he says:Complete Story »