Will Wilkinson - Latest Comments in Why Don’t We Get the “Right” Regulations?

Re: Why Don’t We Get the “Right” Regulations?

Paul McLeod — Tue, 14 Oct 2008 19:38:32 -0000

Argh. I was afraid of that. The effect is ruined, but here's the plain URL for the video I tried to embed: http://www.youtube.com/watch?v=DUWuUIiciWk

Re: Why Don’t We Get the “Right” Regulations?

Paul McLeod — Tue, 14 Oct 2008 19:37:26 -0000

Tortured Analogy Productions presents:

MORE REGULATION
A Tragedy in One Act

Featuring:
Dr. Weird as "The Government"
Steve as "The Financial Markets"
and Corn as "Regulation"

<object width="425" height="344"><param name="movie" value="http://www.youtube.com/v/DUWuUIiciWk&hl=en&fs=1"></param><param name="allowFullScreen" value="true"></param><embed src="http://www.youtube.com/v/DUWuUIiciWk&hl=en&fs=1" type="application/x-shockwave-flash" allowfullscreen="true" width="425" height="344"></embed></object>

Please replace "hungry" with "hosed".

The Acclaimed Prequel

Re: Why Don’t We Get the “Right” Regulations?

catchy — Mon, 13 Oct 2008 12:37:17 -0000

You've made this pt. several x, but I don't know whether your analysis applies just to the US or what.

Your pessimism re: regulation seems to rely on general premises re infuence on gov. etc.

But there are places w. effective regulation. e.g. Canada maintained robust capital reserve requirements and their banks haven't melted down in anything like US fashion.

I'd like to know whether your claim is perfectly general. And if so, how do you account for e.g. Canada?

From my POV you seem to be participating in the general 'government is never the solution' culture that kept us from having the type of sensible oversight that was in place right above the border.

p.s. sorry bout your run-in w. Leiter. I study a phil. + think it's nice to have folk trying to bring philosophy to a wider audience...

Re: Why Don’t We Get the “Right” Regulations?

TGGP — Sun, 12 Oct 2008 19:52:36 -0000

Dain gives some evidence we shouldn't equate profit-sector and government agents that way here:
http://dryhyphenolympics.blogspot.com/2008/05/p...

Re: Why Don’t We Get the “Right” Regulations?

DWAnderson — Sun, 12 Oct 2008 18:23:10 -0000

I think this is mostly right, but it would help if you said some more about the level of generality at which the limits to effective regulation apply. If applied at the highest level of generality that would make any reform impossible under any circumstances. Surely it is at least conceivable that some reforms other than complete financial deregulation might make the financial system better. The question is what those might be.

Re: Why Don’t We Get the “Right” Regulations?

Tushar — Sun, 12 Oct 2008 17:07:22 -0000

Exactlyyy the point I was trying to get thru in the Financial Dirigisme Thread. its just so hard, I agree. Thank you