http://blogofbile.com/2008/08/22/what-a-surprise-central-bankers-and-regulators-have-little-faith-in-market-don%e2%80%99t-understand-economics/ from the bowels of the mind Thu, 08 Jan 2009 17:33:03 +0000 http://wordpress.org/?v=2.6.5 http://blogofbile.com/2008/08/22/what-a-surprise-central-bankers-and-regulators-have-little-faith-in-market-don%e2%80%99t-understand-economics/#comment-2498 beetlbumjl Fri, 22 Aug 2008 20:00:25 +0000 http://blogofbile.com/?p=1663#comment-2498 What they fail to say is that they doubt that the market can "police itself" to perform to <em>their</em> models or expectations.  The best you could probably do through regulation is to engineer parity at the cost of overall wealth.  In other words, wealth redistribution.  Obviously they've done a bang up job doing that in the last 25 years. What they fail to say is that they doubt that the market can “police itself” to perform to their models or expectations.  The best you could probably do through regulation is to engineer parity at the cost of overall wealth.  In other words, wealth redistribution.  Obviously they’ve done a bang up job doing that in the last 25 years.

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