Starting in the 1980s, the United States’s carefully constructed regulatory infrastructure started to decay. Unconventionally structured companies and securities escaped the regulatory system, eventually creating a shadow financial world that operated without necessary constraints. Too often, the government treated the fragile system’s occasional failures as crimes to be prosecuted and not as evidence of fissures in the civil regulatory system. ...more
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David Brooks Reviews From Poverty to Prosperity
In case you missed it, here is David Brooks' review of From Poverty to Prosperity in the New York Times! CLICK HERE
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