Johan Norberg sobre la crisis financiera:
Most bankers deserve the backlash they are experiencing right now. The absurd mistakes and sheer stupidity we have seen in the financial markets in the last decade are not what we were supposed to expect from the Masters of the Universe. And the cost of the bailouts gives a whole new meaning to the concept of "bank robber."
But bankers are not the only ones we should look at in a new light. Another casualty of the crisis should be belief in the powers and virtues of government regulators, because their fingerprints are all over the crime scene as well.
There are 39,000 individuals working full time to regulate the financial markets in the U.S. alone. What did they do when the bubble was inflated? Well, they helped inflate it.
Fenomenal.
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