AccessMyLibrary provides FREE access to over 30 million articles from top publications available through your library.
Create a link to this page
Copy and paste this link tag into your Web page or blog:
The regulators'rough ride.
WHAT caused the financial crisis? President-elect Obama had a simple story during the campaign: "Eight years of policies that have shredded consumer protections, loosened oversight and regulation, and encouraged outsized bonuses to CEOs while ignoring middle-class Americans have brought us to the most serious financial crisis since the Great Depression."
According to this view, which was echoed vocally by Obama's economic team, deregulation and conservative ideology are to blame.
There is a simple test of this view. Countries around the world have wildly different regulatory structures. Some, like the U.S., have relatively light regulatory structures, and rely more on free markets to discipline institutions. Others, including Germany and Turkey, regulate a good deal more.
If Obama's thesis is correct, then the economic crisis should be worse in the countries that have looser regulations fueled by a "failed ideology."
The data show the exact opposite.
The vertical axis in the accompanying chart measures the change in stock performance among major industrialized countries during the past year. The horizontal axis is the Fraser Institute's Economic Freedom of the World index, which provides a measure of financial-market freedom. The index ...
- LADIES' CHOICE; SHE CAN BRING HOME THE BACON, FRY IT UP IN A PAN AND NEVER...
- Magazine article from: Daily News Record December 23, 2002 700+ words
...Underwear Women who have purchased in the past year: 18 percent Predictably, married women...24 percent have bought a pair in the past year compared with 18 percent of engaged women...Socks Women who have purchased in the past year: 17 percent Fifteen percent of all women...
- 9 Percent of Adolescents Experienced a Major Depressive Episode in the Past...
- Press release article from: PR Newswire December 29, 2005 700+ words
...least one major depressive episode in the past year. These adolescents were more than twice...includes questions to assess lifetime and past year major depressive episodes. A major depressive...experience a major depressive episode in the past year. An estimated 12.3 percent of ...
- One in Five Americans Has Driven After Drinking in Past Year, Says New FindLaw...
- Press release article from: PR Newswire December 21, 2004 700+ words
...have driven after drinking within the past year. The National Highway Traffic Safety...to driving after drinking within the past year, according to the FindLaw.com survey...surveyed said they had driven within the past year after consuming three or more drinks...
- General Robert mgnus: reflections on the past year and challenges of the...
- Magazine article from: Armed Forces Comptroller June 22, 2002 700+ words
...terrorism. Review of the Past ASMC Year The past year has been a successful and an eventful...kits to enable us to work smarter. The past year has also been a successful one at the...membership rolls also increased this past year. We project that ASMC membership will...
- Two-Thirds of Corporate Boards Logged More Time in Past Year,...
- Press release article from: PR Newswire January 6, 2004 700+ words
...more time on their duties during the past year, according to the PricewaterhouseCoopers...spent on corporate governance over the past year -- including 30 percent that spent much...more than half received a raise in the past year. Between the past year and the next...
- FIRST-OF-A-KIND NATIONAL STUDY REVEALS THAT 8.3 MILLION ADULTS IN U.S. HAD...
- News wire article from: US Fed News Service, Including US State News September 18, 2009 700+ words
...thoughts of committing suicide in the past year according to the first national scientific...Americans made a suicide plan in the past year and that 1.1 million adults - 0.5...had actually attempted suicide in the past year. The study provides important insights...
- Inflation in Valley breaks record: Consumer prices here rose 7% over past year,...
- Newspaper article from: Morning Call (Allentown, PA) August 1, 2006 700+ words
...housing and medical care. Over the past year, consumer prices have rocketed about...be growing at about 7 percent over the past year just to buy the same products and services...are an obvious one. Locally over the past year, prices for gasoline and motor oil have...
- Eight Percent of Adults Experienced Major Depression in Past Year.
- Press release article from: PR Newswire November 18, 2005 700+ words
...one major depressive episode during the past year, the Substance Abuse and Mental Health...treatment for that depression in the past year, according to the new report, "Depression...experienced a major depressive episode in the past year reported seeing or talking to a medical...
Source: HighBeam Research, The regulators'rough ride.