Free Market Dogma Fails. Philosophy of Optimal Governance Wins

An article published by Bloomberg today shows the rancor of the proponents of free-market, deregulatory dogma towards government regulation that my research has pushed forward since the savings and loans crisis of 1989 with my publication Journal of Finance on optimal bank reorganization policies and pricing of federal deposit insurance.

The Bloomberg article shows how the financial meltdown has forced the government run by the deregulation-free-market proponents to undo their own dogma in favor of optimal regulation.

Certain policies (like direct lending, cutting rates by coordinated moves among central banks around the world) that I lately to stem the domino were announced by the current US government within days of circulation of my memos to House Leaders, Presidential Candidates and Administration officials.

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