Bill_Watkins: "Chinese manufacturing continues to shrink" http://t.co/ZwGsOoAl H.T. Instapundit

Bill_Watkins: “Chinese manufacturing continues to shrink” http://t.co/ZwGsOoAl H.T. Instapundit

Bill_Watkins: Credit crunch in the eurozone: http://t.co/CnXFeIgB

Bill_Watkins: Credit crunch in the eurozone: http://t.co/CnXFeIgB

Goodhart’s Law and Basel

In a previous article (December 10, Goodhart’s Law and Monetary Policy) we discussed Goodhart’s Law which says that once an observed empirical relationship begins to be relied upon, it will no longer work. In that article we applied the law to monetary policy.

Goodhart’s Law also applies to bank capital regulations.  The Basel Committee . . . → Read More: Goodhart’s Law and Basel

Bill_Watkins: Two reasons why government shouldn’t be in the business of business: http://t.co/25dR0lv0 & http://t.co/SOSLqebA

Bill_Watkins: Two reasons why government shouldn’t be in the business of business: http://t.co/25dR0lv0 & http://t.co/SOSLqebA

Bill_Watkins: RT @cmta: Dan Walters explains that California’s high cost of energy drives investment elsewhere. Unpredictable costs of… http://t.co …

Bill_Watkins: RT @cmta: Dan Walters explains that California’s high cost of energy drives investment elsewhere. Unpredictable costs of… http://t.co …