William K. Black: Capitalism Would Have Killed the Chilean Miners: A Reply to Mr. Henninger
http://www.huffingtonpost.com/william-k-black/capitalism-would-have-kil_b_764948.html
Akerlof demonstrated in 1970 — forty years ago — that control frauds can produce a "Gresham's" dynamic in which the markets drive ethical firms and professionals out of the marketplace. When cheaters prosper, markets become perverse.
(via Instapaper)
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