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Because our markets are tightly regulated. And where they aren’t you get things like the financial crisis.
by fallingfrog 4y ago
Because our markets are tightly regulated. And where they aren’t you get things like the financial crisis.
- RhysU 4y agoRegulations certainly play a large and important role in creating and sustaining well-functioning markets. No argument there.
- WalterBright 4y agoDepends on the kind of regulations. Wage and price controls, for example, do not create well-functioning markets. Quite the opposite.
- RhysU 4y agoAgreed. Anti-spoofing, trade reporting, etc are the ones I mean.
- WalterBright 4y agoYou speak as if communist economies don't have financial crises. Yet they do. And our recent inflation - great job, government!