Regulation and Consequences
Jay discusses the overregulation of equity markets and its unintended consequences, including a decline in public companies. He contrasts this with the credit markets, emphasizing the importance of financing structures. Jonathan argues that the lack of an all-knowing central planner creates a disadvantage for regulators, as savvy individuals will always seek to navigate around restrictions for profit.In this clip
From this podcast
All Else Equal: Making Better Decisions
Ep49 “Making Regulation Work” with Jay Clayton
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