I blogged in early December on this recently: Unitented Consquences – or How Government Regulation will Reduce Risk and (so) Slow (economic) Growth. It seems the Economist has the same ideas.
More on how the newly passed Volcker Rule will undermine the very goals it purports to reach. I noted in the Economist, US print edition, Dec 14-20, leader, “The Volcker Rule: Hedge Trimming“. “The result will be less liquid markets, higher transaction costs, a weaker financial system and, as usual, richer lawyers.” So even income inequality will be skewed even further! Well done, guys!
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