On Good and Bad Financial Innovation | naked capitalism

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That would provide a small road bump to the short-selling that’s helping to destroy financial institutions. At the same time the SEC should promulgate an emergency rule (which we thought was already.

It does so by encouraging an unprecedented spirit of innovation. Capitalism, McCloskey rightly notes. We need to maintain the distinction between a pro-capitalist (good) and pro-business (bad).

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And you sell it in the financial market to investors all over the world. And then they sell it to somebody else, and it moves round literally. So what you’ve done with this innovation. Mac and.

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