tag:blogger.com,1999:blog-6083572548028483665.post7783077135316579518..comments2023-03-25T19:24:00.019-04:00Comments on The Economist's Cookbook: Economist's Cookbook vs. TIME MagazineThe_Chefhttp://www.blogger.com/profile/05544443854634465201noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-6083572548028483665.post-27781739125083470722008-10-09T16:42:00.000-04:002008-10-09T16:42:00.000-04:00Thanks for the post? Question: What is the appropr...Thanks for the post? Question: What is the appropriate role of regulation (by government) of the financial system (specifically, banks)?Markhttps://www.blogger.com/profile/09310857099888663696noreply@blogger.comtag:blogger.com,1999:blog-6083572548028483665.post-4047627654942545102008-10-06T09:39:00.000-04:002008-10-06T09:39:00.000-04:00Thanks VH!Thanks VH!The_Chefhttps://www.blogger.com/profile/05544443854634465201noreply@blogger.comtag:blogger.com,1999:blog-6083572548028483665.post-81270142269538320442008-10-06T01:30:00.000-04:002008-10-06T01:30:00.000-04:00Great post and I agree wholeheartedly with your as...Great post and I agree wholeheartedly with your assessment. Financial manias throughout history have shared one trait: the excessive expansion of credit. Time magazine has turned into a populist rag with little intellectual gravitas over time. You've made an excellent point about regulation--it is usually crafted to serve somebody's interest other than those that it is supposed to "protect." (Read Bruce Yandle's "<A HREF="http://www.cato.org/pubs/regulation/regv7n3/v7n3-3.pdf" REL="nofollow">Bootleggers and Baptists</A>.) I'm afraid that Americans are going to get a band-aid solution to a very complex economic problem. Again.<BR/><BR/>I'm linking to this post.VHhttps://www.blogger.com/profile/02070864512034930080noreply@blogger.com