Don’t believe the Locker Room’s frequent warnings that overregulation hurts the economy?
Perhaps you’ll believe Jim Grant, founder of Grant’s Interest Rate Observer, who offers the following quote “on the regulatory environment” for a Bloomberg Businessweek blurb:
The trouble is not a lack of capital. It’s a lack of capitalism. The federal apparatus has become positively asphyxiating. It is sucking the oxygen, the life, and the enterprise out of these banks.
