The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: grusum who wrote (259963)	7/11/2010 1:56:56 PM
From: marcher	Read Replies (1) of 306849

"...the very crime you seek to eliminate gets enabled..." Regulation limits market fundamentalism (those who don't want to be limited) as attempt to provide for the greater good (car safety, air quality, fair banking, etc.). The "criminals" are the market fundamentalists who use various strategies to avoid legal requirements. Tactics formalized in Chicago, of course: "...George Stigler...won the Nobel Memorial Prize in Economic Sciences in 1982, and was a key leader of the Chicago School of Economics, along with his close friend Milton Friedman. ...Stigler is best known for developing the Economic Theory of Regulation, also known as capture, which says that interest groups and other political participants will use the regulatory and coercive powers of government to shape laws and regulations in a way that is beneficial to them..." en.wikipedia.org

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