Bryan Caplan superbly replies to those who think more government-mandated disclosure would help us avoid another sub-prime problem (or pretty much any other problem):Here’s the thing: I’ve been through the whole mortgage process, and seen what government actually does. We don’t have laissez-faire now. Instead, we have a grotesque web of regulations and lawsuit avoidance that already make the mortgage process ridiculously complicated. I had to hear a dozen mandatory mini-lec[...]
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[Source: The Money Blogs]
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