The Institute’s focus remains unwavering. We, in partnership with our contributors, are striving to implement fundamental, philosophical change in the culture. In the wake of the elections, what the next four years holds is uncertain. But whatever occurs, it will not be as important as the four years after that — and the years beyond.
Whenever the press, politicians and academics vilify a financial phenomenon, further examination almost always reveals that its bad elements are caused by regulation, not by markets — and often its consequences are good, despite what the experts claim. Case in point: the hysteria surrounding so-called high-frequency trading.