Praise for good regulation – macrobusiness.com.au | macrobusiness.com.au<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"[Economist Stephen King] is generally quick to remind us that regulation creates markets. Without property law and contract law, markets, as we know them, won\u2019t be able function at all. The framework in which to understand regulation is that good regulation creates functional markets and balances benefits between market players and society at large. Bad … <\/p>\n
Continue reading “Praise for good regulation – macrobusiness.com.au”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[40,49],"tags":[1203,1466,2639,2899,3269],"class_list":["post-2242","post","type-post","status-publish","format-standard","hentry","category-australia-nz-countries-regions","category-economic-theory","tag-efficient-market","tag-free-market","tag-perfect-market","tag-regulation","tag-structural-reform"],"yoast_head":"\nPraise for good regulation - macrobusiness.com.au - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Praise for good regulation - macrobusiness.com.au - the patient investor\" \/>\n<meta property=\"og:description\" content=\"[Economist Stephen King] is generally quick to remind us that regulation creates markets. 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Price-gouging and provision of inferior quality goods and services are held in check by competition, but there are other aberrations against public morals, or not in the public interest, that require regulation. Historical examples would be\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5697,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/10\/08\/is-the-high-australian-dollar-the-real-culprit\/","url_meta":{"origin":2242,"position":1},"title":"Is the high Australian Dollar the real culprit?","author":"Colin Twiggs","date":"October 8, 2012","format":false,"excerpt":"Excellent comment from Loonyright at Macrobusiness.com.au on damage to Australian industry caused by the higher dollar: Australia has been losing investment in research and manufacturing well prior to 2002. The volatility of our currency is of nothing compared to the static, elevated cost of doing business \u2013 all resulting from\u2026","rel":"","context":"In "Australia & NZ"","block_context":{"text":"Australia & NZ","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/australia-nz-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":12238,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/08\/22\/george-soros-regulation-of-global-financial-markets\/","url_meta":{"origin":2242,"position":2},"title":"George Soros: Regulation of global financial markets","author":"ColinTwiggs","date":"August 22, 2015","format":"quote","excerpt":"It is time to recognize that financial markets are inherently unstable. Imposing market discipline means imposing instability, and how much instability can society take? .... To put it bluntly, the choice confronting us is whether we will regulate global financial markets internationally or leave it to each individual state to\u2026","rel":"","context":"In "Forex"","block_context":{"text":"Forex","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/forex\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6427,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/12\/10\/is-state-intervention-in-the-economy-inevitable-cis\/","url_meta":{"origin":2242,"position":3},"title":"IS STATE INTERVENTION IN THE ECONOMY INEVITABLE? | CIS","author":"Colin Twiggs","date":"December 10, 2012","format":false,"excerpt":"Peter Boettke teaches economics at George Mason University. He writes that ongoing economic woes demand drastic reduction in state intervention into free markets: The great expansion of trade and technology in the twentieth and twenty-first centuries has produced a level of material wealth that enabled the cost of government intervention\u2026","rel":"","context":"In "Economy"","block_context":{"text":"Economy","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":342,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/08\/20\/innovate-or-die-macrobusiness-com-au-macrobusiness-com-au\/","url_meta":{"origin":2242,"position":4},"title":"Innovate or die – macrobusiness.com.au","author":"ColinTwiggs","date":"August 20, 2011","format":false,"excerpt":"Spence says it has not yet been fully recognised that the economic malaise is not just a cyclical downturn caused by excess debt, over-consumption, low interest rates and lax regulation, but part of a long-term structural change brought about by globalisation and technology, which are shifting the comparative advantage in\u2026","rel":"","context":"In "The Big Picture"","block_context":{"text":"The Big Picture","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/the-big-picture\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2331,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/11\/24\/europa-press-releases-new-action-for-growth-governance-and-stability\/","url_meta":{"origin":2242,"position":5},"title":"EUROPA – Press Releases – New action for growth, governance and stability","author":"ColinTwiggs","date":"November 24, 2011","format":false,"excerpt":"Extract from Press release regarding European Commission proposal for a common euro-zone bond market and tighter budgetary controls for members: The proposed Regulation strengthening surveillance of budgetary policies in euro area Member States would require these countries to present their draft budgets at the same time each year and give\u2026","rel":"","context":"In "UK & Europe"","block_context":{"text":"UK & Europe","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/uk-europe-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=2242"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/2242\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=2242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=2242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=2242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}