Swamped by Rules! - Which Ones Should Go?

Swamped by Rules! - Which Ones Should Go?

There is a long history of regulation and deregulation where big scandals provide the catalyst for new rules, and then the realization that the rules are possibly excessive has caused them to be rolled back. In finance the 1933 Glass-Steagall provisions came in the wake of the 1929 Crash. The 2002 Sarbanes-Oxley Act was a reaction to the Enron and WorldCom scandals. Dodd-Frank was enacted in 2010 after the 2008 financial crisis. Good regulation can bring all sorts of benefits, but excessive regulation, does little to serve the public interest, and creates financial costs and frustration for businesses and the public. Elon Musk has vowed to dismantle thousands of federal regulations as the co-head of the Department of Government Efficiency, or DOGE, saying the nation’s financial security depends on it. Is he right, and if so, what rules need to go first? Patrick's Books: Statistics For The Trading Floor: https://amzn.to/3eerLA0 Derivatives For The Trading Floor: https://amzn.to/3cjsyPF Corporate Finance: https://amzn.to/3fn3rvC Ways To Support The Channel: Patreon: https://www.patreon.com/PatrickBoyleOnFinance Buy Me a Coffee: https://www.buymeacoffee.com/patrickboyle Visit our website: https://www.onfinance.org Follow Patrick on Twitter Here: https://twitter.com/PatrickEBoyle Business Inquiries ➡️ sponsors@onfinance.org Additional Reading: https://regulatorystudies.columbian.gwu.edu/brief-history-regulation-and-deregulation An Evaluation of Consumer Protection Legislation: The 1962 Drug Amendments | Journal of Political Economy: Vol 81, No 5 https://www.cato.org/publications/policy-analysis/jones-act-burden-america-can-no-longer-bear#conclusion https://worksinprogress.co/issue/how-madrid-built-its-metro-cheaply/ Milton Friedman Video: https://www.youtube.com/watch?v=dZL25NSLhEA A history of regulation and deregulation: https://regulatorystudies.columbian.gwu.edu/brief-history-regulation-and-deregulation Weird Laws Around the World: https://www.farandwide.com/s/weird-laws-world-4961c1ede8d749bf

Det här avsnittet är hämtat från ett öppet RSS-flöde och publiceras inte av Podme. Det kan innehålla reklam.

Avsnitt(313)

Brexit, 10 Years On: What It Actually Cost Britain

Brexit, 10 Years On: What It Actually Cost Britain

Ten years on from the 2016 Brexit referendum, the UK is about to appoint its seventh Prime Minister in a decade — so was Brexit worth it? In this video we break down the real economic impact of Brexit...

28 Juni 37min

How to Lose a Global AI Monopoly in One Afternoon

How to Lose a Global AI Monopoly in One Afternoon

Last week, shortly after Anthropic launched its most powerful AI models, the U.S. government imposed export controls restricting foreign nationals from accessing them - and rather than try to verify t...

21 Juni 28min

What SpaceX, Anthropic and OpenAI’s IPOs mean for investors

What SpaceX, Anthropic and OpenAI’s IPOs mean for investors

Yesterday SpaceX became the largest company ever to go public, in an IPO that values Elon Musk's rocket-and-AI conglomerate at $1.78 trillion. But SpaceX is just the first. Anthropic and OpenAI have b...

14 Juni 39min

When a Housing Boom Turns to Bust

When a Housing Boom Turns to Bust

A three-bedroom "dunger" in New Zealand with peeling paint and boarded-up windows sold for 1.81 million dollars at the peak of the boom. A few years later, prices had fallen by as much as a third in r...

7 Juni 27min

This Is Probably Fine!

This Is Probably Fine!

US 30-year Treasury yields just hit 5.2% — the highest level since July 2007. UK gilt yields are at levels not seen since 1998. Japanese bond yields are at record highs. Something is happening in glob...

30 Maj 30min

The Most Unprofitable IPO in Wall Street History

The Most Unprofitable IPO in Wall Street History

This week, SpaceX filed the prospectus for what is expected to be the largest IPO in history. The document is extraordinary — part financial disclosure, part science fiction, and part governance struc...

23 Maj 30min

What Trump's China Visit Actually Achieved.

What Trump's China Visit Actually Achieved.

As Donald Trump and Xi Jinping wrap up their summit in Beijing with little more to show for it than a few awkward handshakes, the media is left wondering where the big breakthrough went. But as we exp...

17 Maj 26min

The Dumbest Takeover Bid

The Dumbest Takeover Bid

GameStop — the meme stock famous for selling physical video game discs to people who no longer buy physical video game discs — has made an unsolicited 56 billion dollar offer to acquire eBay. GameStop...

10 Maj 30min

Populärt inom Business & ekonomi

badfluence
framgangspodden
varvet
svd-tech-brief
rss-borsens-finest
uppgang-och-fall
avanzapodden
dynastin
lastbilspodden
bathina-en-podcast
rss-inga-dumma-fragor-om-pengar
fill-or-kill
rss-svart-marknad
borsmorgon
rss-dagen-med-di
tabberaset
rikatillsammans-om-privatekonomi-rikedom-i-livet
24fragor
kapitalet-en-podd-om-ekonomi
rss-dominoeffekten