Comments on: The Pretense of Regulatory Knowledge

By: Financial Regulation and the Money Power | STATESMAN SENTINEL

Financial Regulation and the Money Power | STATESMAN SENTINEL — Tue, 07 Dec 2010 04:31:29 +0000

[...] as necessary for the public good. A key to understanding why it is not is grasping the inability of bureaucrats to know what they would need to know to do the job they promise to do. Markets — particularly financial [...]

By: Administration Steps on Regulatory Throttle | The Freeman | Ideas On Liberty

Thu, 13 May 2010 12:14:13 +0000

[...] Timely Classic “The Pretense of Regulatory Knowledge “ by Sheldon [...]

By: Financial Regulation and the “Money Power” | Hot And Trendy!

Financial Regulation and the “Money Power” | Hot And Trendy! — Sat, 01 May 2010 17:20:48 +0000

By: Financial Regulation and the “Money Power” | The Freeman | Ideas On Liberty

Fri, 30 Apr 2010 10:53:45 +0000

[...] as necessary for the public good. A key to understanding why it is not is the inability of bureaucrats to know what they would need to know to do the job they promise to do. Markets – particularly financial [...]

By: Drik

Drik — Thu, 29 Apr 2010 16:05:09 +0000

The emporer has no clothes, but all of the townspeople pretend that he does and that everything is fine and that he knows what he is doing. And the progressives that sold us this fine selection of invisible vestments continue to laugh and run off with the money.

By: Debate on Financial Regulation to Begin | The Freeman | Ideas On Liberty

Thu, 29 Apr 2010 12:38:27 +0000

[...] Timely Classic “The Pretense of Regulatory Knowledge “ by Sheldon [...]

By: The Washington-Wall Street Kabuki Dance | The Freeman | Ideas On Liberty

Fri, 23 Apr 2010 10:48:27 +0000

[...] crisis can hardly be found in new regulation by unaccountable bureaucrats who will necessarily lack the knowledge required to modulate risk at the system level without stifling innovation and [...]

By: Andrea90814

Andrea90814 — Tue, 30 Mar 2010 17:39:12 +0000

re: “Should everyone be required to file a form with the regulators before doing anything different from what was done in the past?”

Yes, of course.

Quoting directive 10-289 from Ayn Rand’s Atlas Shrugged:

“Point Five. Every establishment, concern, corporation or person engaged in production of any nature whatsoever shall henceforth produce the same amount of goods per year as it, they or he produced during the Basic Year, no more and no less. The year to be known as the Basic or Yardstick Year is to be the year ending on the date of this directive. Over or under production shall be fined, such fines to be determined by the Unification Board.”

By: Daniel Shapiro

Daniel Shapiro — Tue, 30 Mar 2010 16:34:11 +0000

Hayek’s argument is rational and sound. However it is weak argument against central economic planning. The statists can argue that it should further invade privacy to obtain more and more detailed information regarding economic activity. In fact they are working on this.

The stongest argument against central planning is property sanctity.

By: Obama Set to Spar with Sarkozy Over Financial Regulation | The Freeman | Ideas On Liberty

Tue, 30 Mar 2010 13:01:18 +0000

[...] Times, Tuesday) Some debate: more regulation versus even more regulation. FEE Timely Classic “The Pretense of Regulatory Knowledge “ by Sheldon [...]

By: Fed Likely to Get to Regulatory Powers After All | The Freeman | Ideas On Liberty

Wed, 03 Mar 2010 13:46:25 +0000

[...] Timely Classic “The Pretense of Regulatory Knowledge” by Sheldon [...]