Regulation is simply inadequate to the task.
- Milton Ezrati
- The National Interest
TODAY’S FINANCIAL markets will inevitably suffer another crash.
It might come soon, especially if recent inflation proves to have more staying power than the authorities suggest.
But even if markets escape trouble in the immediate future, wild swings are an unavoidable feature of financial markets.
Nor can any reasonable regulation guard against them, certainly not those Washington put in place after the last crisis.
Regulation is simply inadequate to the…