China And The U.s. Are

There Is A Very Real Danger That Financial Regulation Will Become A Wolf In Sheep's Clothing.

An Open, Competitive, And Liberalized Financial Market Can Effectively Allocate Scarce Resources In A Manner That Promotes Stability And Prosperity Far Better Than Governmental Intervention.

A Single Agency Responsible For Systemic Risk Would Be Accountable In A Way That No Regulator Was In The Run-up To The 2008 Crisis. With Access To All Necessary Information To Monitor The Markets, This Regulator Would Have A Better Chance Of Identifying And Limiting The Impact Of Future Speculative Bubbles.

I've Always Said, 'i Don't Want To Be Irrelevant.'

A Fed Loan To Lehman Brothers Would Not Have Prevented A Bankruptcy.