Thoughts and discussions in economics, finance and history, with focus on China's interactions with the global economy.
Wednesday, March 10, 2010
Goldman and bubbles
Blaming Goldman Sachs for every bubble sounds silly. But is regulation the solution? Maybe, or maybe not --- Bubbles also happens in tightly regulated market, say, in China.
Maybe what we need is smart regulation. Or, bubble is just an integral part of capitalism --- As long as there are animal spirits and human greed, bubble can never be rid of.
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