It’s just that there’s a big difference between dreaming of some ideal regulatory regime and actually putting one into practice. Everybody says we’re about to enter a new political era, rich in global financial regulation. The herd might just be wrong once again.
Globalization
Financial Turmoil: Market Failure or Government Failure?
Third, we have learned yet again that government regulation often does more harm than good. As the Wall Street Journal observed, the great irony is that the banks that made some of the worst mortgage investments were the most highly regulated. Bank regulators cannot possibly spot all weaknesses. More emphasis must go on caveat emptor – investors and depositors beware.
Somaliland – Sleeping-Walking Into Disaster
“And then came the global warming hysteria, an idea that has more to do with Europe’s prosperous middle class politics and media than it has to do with Science but which no politician in the West could be seen to question let alone oppose. It basically makes three claims: that the world is warming up; we are causing it; and it is a bad thing. Each of those claims could be challenged but no one dared to be seen on the `wrong’ side of this `debate’.”
Not Just A Breadbasket
Saskatchewan boasts the fastest economic growth rate of any Canadian province not just because of wheat but a rich mix of other farm crops as well as potash, uranium, oil and natural gas, all of which are enjoying record prices.
Featured News
Traditional Teaching is not Obsolete
Artificial intelligence has come a long way. Unlike the rudimentary software of the past, modern-day programs such as ChatGPT are truly impressive. Whether you need a 1,000-word essay summarizing the history of Manitoba, a 500-word article extolling the virtues of...
Ottawa’s Policies Defeat Its Critical Minerals Push
Prime Minister Justin Trudeau made a recent rush visit to the Saskatchewan Research Council’s experimental rare earth refining facility in Saskatoon. He touted his government’s efforts to promote rare earth discovery, development, and extraction, along with the...
Australia’s Miracle Economy
After weathering the 1997-98 Asian financial storm, Australia enters the 21st century with sustained economic growth of up to 4 per cent, unemployment less than 7 per cent, inflation less than 3 per cent and record low interest rates. Its long downward trend in living standards has been reversed.
An Invasion Without Guns
It’s not surprising that Europeans, when they get to choose, go to movies made by a competitive industry rather than a subsidized one.
U.S. Protests Mexi-Canadian Overpass
After nearly nine years of construction, the Mexi-Canadian Overpass, the controversial $4.3 trillion highway overpass linking Guadalupe and Winnipeg, was finally completed last week, drawing harsh criticism from U.S. citizens and officials alike.
Globalization Helps Poor Countries
Cato Institute study shows globalization benefits all countries
Dr. Illarionov’s 13% solution
Andrei Illarionov, the maverick leading Russia’s newest economic revolution, says the IMF has bungled the country’s free-market reforms long enough
Why it’s Bad Luck to be a Lucky Country
Australia is “the lucky country”. Mineral rich Australians bask in the glow of their God-given place in the sun. Whenever the Australian economy has been in deep strife with a dreadful current account and a collapsing currency.