Thursday, January 28, 2010

Boom, bust, doom and anti-trust

Hayek and Keynes fear the Boom and Bust:

Elizabeth Warren on the Daily Show the other day:

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Elizabeth Warren from a couple of years ago describing the Death of the Middle Classes (HT Bernard Hickey). I wouldn't be at all surprised to see NZ has fallen into the same trap:

Commerce Minister Simon Power looks at introducing corporate criminal liability, according to today's NZ Herald editorial. I would also recommend exchanging the cap on fines for fines based on market capitalisation. That way you get proportional disincentives into the boardroom.