Wednesday, August 1, 2007

Economist's View: FRB Dallas: Is Latin America Saying Adios to Market-Friendly Reforms?

Economist's View: FRB Dallas: Is Latin America Saying Adios to Market-Friendly Reforms?

We need to separate out the term "leftist" and the term "anti-market". Just as government intervention can be anti-competitive, the lack of regulation in the face of strong market power also has a detrimental effect on competition.