If Only We Regulate More
Wednesday 19 May 2010 - Filed under Dumbassery + Government + Regulation
Zachary A. Goldfarb of The Washington Post:
At the same time, regulators offered a prescription aimed at curbing excessive market volatility. The Securities and Exchange Commission announced that in coming weeks it would require that exchanges pause trading in a stock if it declines more than 10 percent in any five-minute interval.
Will the government ever realize that manipulating the natural flow of a free market won’t make said market bend to its will?
2010-05-19 » madlibertarianguy