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Larry and Tim's plan to regulate summer camp
June 18, 2009
Arnold Kling brilliantly summarizes the new financial regulatory proposals. He begins:
Once upon a time, there was a summer camp. To entertain the kids, the counselors handed out matches, lighter fluid, and newspapers. The camp burned down.Afterwards, a white paper was written, proposing more supervision by counselors.
Mr. Kling's post isn't too big to fail, but it is too good to not read.
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