Some of you may have heard some noise in the media over the past week about the small dip in ...
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Capitalism works; a cautionary tale
November 4, 2011
One problem with having a fundamental misunderstanding about the nature of the economy is that it can cause you to draw inaccurate conclusions about events that take place. For example, the collapse of MF Global has caused some to use it as a rallying cry for “tougher rules.” That’s not-so-secret code for more bureaucratic regulation. What they fail to realize is that the fact that MF Global went under is evidence that such regulation is unnecessary. Brian Wesbury of First Trust Advisors wrote a great piece on this that will show you how this works. Click Here to read.
