Legislating on the basis of an aversion to government
intervention in financial markets can paradoxically result in more massive
intervention. The latter can come to pass even amid an anti-interventionist
ideology on account of the emergency conditions that call for the extraordinary
incursion of government into a market. Undoing the Orderly Liquidation
Authority of the Dodd-Frank Act in the U.S. is a case in point.
The full essay is at "Financial Deregulation."
