Tag: rating agency
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How to Avoid Regulation: Smart Regulation
Every economist agrees that regulation has the potential to stifle economic growth. But every economist also agrees that we need regulation to make markets efficient (and relatively stable). Given those two givens, free-market advocates should be jumping into the fray, proposing smart, targeted, easily manageable, surgical regulation, that obviates the need for heavy-handed, clunky, hard-to-manage…