User 171895

Proposed Regulatory Overhaul: Why are the Foxes Designing the Hen House?

Ah. There's a difference b/n free-marketers and "big business." Adam Smith despised big business, didn't trust them.

Bigger q's why this is surprising. The foxes always design the henhouses. That's why free-market types say stop designing henhouses, let people make their own as they see fit.

News That Moved Tuesday's Market

deep

Bernanke Brushes Aside Inflation, Focuses on Growth

eric:

You may have misunderstood Vinz. Of course rising gas prices cause inflation *in gas*, but overall economy-wide inflation cannot exist without printing money.

To illustrate, gas goes up, people shift money from wide-screens to gas, so gas inflation rises, tv-inflation falls, no impact (on average) on economy-wide inflation. That takes the printing presses.