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Thursday, February 24, 2011
Adam Smith Was Right about Corporate CEOs? Incentives absent Effective Regulation
by William K. Black Originally published December 4th, 2008, cato-unbound.org > Our different views prove that hindsight is often myopic. Larry White?s take is that Clintonian regulations perverted private incentives. The boom and bust happened in a system with ? extensive legal restrictions on financial intermediation. Nor have we had banking and financial deregulation since [...]
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