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Lessons from a scalper: deregulated markets punish greed.(REGULATORY REFORM)

Regulation

| March 22, 2009 | Harrington, David E. | COPYRIGHT 2009 Cato Institute. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Greed took a beating during the recent presidential election. Last September 16th, John McCain blamed the financial meltdown on the "greed and mismanagement of Wall Street and Washington." Later that day, Barack Obama took a swing at greed in a speech that blamed the country's economic problems on the "Bush-McCain" philosophy of deregulation. According to Obama, rising foreclosures and falling incomes are "what happens when you confuse the free market with a free license to let special interests take whatever they can get, however they can get it."

The candidates' comments triggered an explosion of news reports that mentioned greed and deregulation in the same ...

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Source: HighBeam Research, Lessons from a scalper: deregulated markets punish greed.(REGULATORY...

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