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Daily Archive for April 19th, 2010

But the Super-Duper Powered New SEC Would Get it Right THIS Time

Posted in Corporatism, Regulation on Apr 19th, 2010

Many valuable links from tomorrow’s WSJ. In its own way, the Stanford calamity is arguably worse than the SEC’s Madoff bungle. In the Madoff case, passionate outsider Harry Markopolos could find no one at the SEC who took the time to understand the scam, cared enough and had enough authority to shut down the fraud. […]

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Are Detroit Auto Workers Less Productive Than Common Criminals?

Posted in You Can't Have it Both Ways on Apr 19th, 2010

The US prison population is about 2.5 million. Of that, 20% are incarcerated due to drug related offenses. My guess is that just as many are in there due to violent criminal acts related to the prosecution of the drug war. I’ll count these for now, but it does not materially change my point. So, […]

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