Using the U.S. stock exchanges as an example, the following post explains why a Self Regulatory Organization (SRO) may or may not work better than traditional government regulation. History provides the best argument for the effectiveness of SROs as it relates to our...
The following post addresses some of the unique characteristics of Fannie Mae and Freddie Mac that made them different from other private corporations prior to their 2008 conservatorship. What are the pros and cons of privatizing Fannie Mae and Freddie Mac with no...
The following post analyzes the ambient risk attitudes, outcomes and differing governmental responses to two of our country’s largest financial panics: 1792 and 1837. The financial panics of 1792 and 1837, and the respective governmental reactions to each, stand in...
