All Commentary
Friday, January 22, 2010

Risk Regulation Gets Criticism


“President Obama wants to cut down to size those too-big-to-fail banks. But his vow on Thursday to rewrite the rules of Wall Street left many questions unanswered, including the big one: Would this really prevent another financial crisis?” (New York Times, Friday)

Government by nature is a systemic risk.

FEE Timely Classic
“Big Government — Big Risk” by David R. Henderson