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Doubling Down on Failure

By on 6.9.09 @ 10:29AM

The Harvard economist Edward Glaesary makes a key point about the recent calls for increased regulation over the financial sector: if the government fails spectatularly at regulating the first time around (the financial crisis), why would you then want to increase the government's involvement in regulation? It would be better to implement regulations that work the first time around, not more regulations.

About the Author

Joseph Lawler is managing editor of The American Spectator. Follow him on twitter: @josephlawler. Email him. 

http://spectator.org/blog/2009/06/09/doubling-down-on-failure
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