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Or we could wise up and take seriously Adam Smith's cautions as to the necessity of proper regulation of the markets to prevent them from being subverted by self-interested participants.  But I dream.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jun 5th, 2009 at 11:15:04 AM EST
[ Parent ]
Now you're getting it.
by santiago on Fri Jun 5th, 2009 at 12:45:27 PM EST
[ Parent ]
Glad to see that you agree.  But to accomplish successful re-regulation it would be necessary to break the grip of the financial sector on Washington, primarily through campaign finance.  It is that of which I dream.

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Fri Jun 5th, 2009 at 01:04:32 PM EST
[ Parent ]

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