Why Securities Regulation Fails
Why Securities Regulation Fails
Offers persuasive research to show that the almost universally accepted narrative of market failure - broadly similar across financial crises - is formulated by political actors hoping to deflect blame from prior policy errors.
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Offers persuasive research to show that the almost universally accepted narrative of market failure - broadly similar across financial crises - is formulated by political actors hoping to deflect blame from prior policy errors. It shows that lax regulation was not a substantial cause of the financial problems of the Great Depression.
