Regulatory Failures
Richard and Russ discuss the different types of regulatory failures and their impact on risk-taking behavior in the business world. They explore the consequences of both lax regulations and regulations that encourage foolish activities, highlighting the role of the government in creating the business environment.In this clip
From this podcast
EconTalk
Richard Posner on the Financial Crisis
Related Questions
What role did regulation play in the financial crisis of 2008?
What role did regulation play in the financial crisis of 2008 as discussed in the episode Joe Nocera on the Crisis and All the Devils Are Here and the clip Regulatory Failures Exposed?
What role did regulation play in the financial crisis of 2008 as discussed in the episode Arnold Kling on Credit Default Swaps, Counterparty Risk, and the Political Economy of Financial Regulation and the clip Greenspan's Worldview, as well as in the episode Russ Roberts on the Crisis and the clip The Collapse's Underlying Causes?