• Theorizing was lacking about market efficiency and rational expectations, which together would lead to stability and the optimal allocation of resources.

    FORBES: The Volcker Rule Is in Better Shape That Some Think

  • Since an agency must attempt to maximize benefits within its budget lest its allocation be revoked or transferred elsewhere, it would be rational for agencies and interested parties to monitor benefits, but Congress need not and should not require it.

    FORBES: How About a Budget for Regulations?

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