Monday, April 8, 2013

Taleb Smacksdown Revolving Door Government-Private Sector Opportunists

Bloomberg news reports:
I find [former SEC Comissioner] Mary Schapiro morally repulsive,” [Nassin Nicholas] Taleb said, because there is an “implicit deal” whereby regulators such as Schapiro and [Alan] Blinder [ a Princeton University economics professor and former Federal Reserve vice chairman](and many others) “make regulations complex” and then “sell their services at a higher price when they go to the private sector.
(ht drewmx)

1 comment:

  1. Crony capitalism at its best. Hamilton would be so proud!