☞ Unpopular Lessons

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Markets would be self correcting if their was transparency, thats never going to happen so lets settle on sensible regulation.

Posted by Che on January 01, 2010 at 10:17 PM PST #

Stiglitz's reasoning is broken - markets \*are\* self-correcting. Just this time the government didn't let them self correct - it chickened out by rewarding failure through the bail-outs. The market would have sorted itself out by now if the market-deemed failures had been allowed to fail - in other words had the market been trusted long enough to self-correct.

Posted by Richard Dudley on January 03, 2010 at 11:48 AM PST #

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Thoughts and pointers on digital freedoms and technology markets. With a few photos too.

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