The Humble Libertarian

Building a small army to take over the world and... leave everybody alone.


Thursday, May 17, 2012

JPMorgan Losses Do Not Make the Case for Regulation


Unsurprisingly, President Obama and others have used the recent $2 billion loss by JPMorgan Chase as a call for more regulation. Obviously, our existing regulations have worked so well that more can only be better! What the president and his allies miss is that recent events at JPMorgan illustrate how the system should — and does — work.
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Cato Institute 

Judy Morris,
Blogger, THL
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