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Sunday, January 29, 2012

A Capitalist View of the Current Economic Collapse. Peter Day interviews Niall Ferguson (audio and transcript) | Economy |Axisoflogic.com

A Capitalist View of the Current Economic Collapse. Peter Day interviews Niall Ferguson (audio and transcript) | Economy |Axisoflogic.com: " appearance of regulation, there's the appearance of reform, but not the reality of it. We have at the moment a kind of pseudo-debate on regulation and not a real debate. We're going to end up with a very complex piece of legislation that changes some parts of the banking system. We don't really yet know what the final bill will look like. But the idea that it's going to make a major improvement in the system seems to me is fanciful. The US Congress has a pretty poor track record when it comes ah, to finance. "

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