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 current financial meltdown has exposed the myth that our nation's sophisticated, multilayered scheme of government regulation immunizes us from systemic failure. We are realizing that shocks, from both home and abroad, will exact their toll. What is less commonly appreciated is that the very political institutions on which we depend count as a structural cause of much of our current distress. In many cases, the root of our problems lies in the legal restrictions that block the movement of prices and wages in financial markets. It is just this sort of folly that has embroiled the Obama administration in testy disputes with bankers who are desperate to return their TARP ...