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Home Publications Blogs Beat the Press "Other People" Speak Out on Financial Regulation in the Wall Street Journal

"Other People" Speak Out on Financial Regulation in the Wall Street Journal

Tuesday, 26 March 2013 07:11

The WSJ had a piece on lobbying efforts by high speed traders against a financial speculation tax that would badly damage their profits. At one point the article tells readers that:

"More-aggressive regulatory oversight and depressed trading volumes have weighed on valuations of trading outfits that have pondered selling stakes to outside investors, investment bankers and other people say."

This might be the first appearance of "other people" as a news source in a major national newspaper. Perhaps the WSJ could be persuaded to identify its sources here.

Comments (5)Add Comment
written by David, March 26, 2013 9:43
I s'pose 1+1=3 to other people, too.
"Other People" Say Traffic Regulations Killed the Auto Industry
written by Last Mover, March 26, 2013 10:00
It's a well known economic fact that when something is regulated and taxed you get less of it. Period.

For example the auto industry went belly up in the great recession because of regulations that controlled speed limits with excessive oversight.

Other people said it was clear how stop signs, stop lights, speed limits and violation fines devalued autos to the point auto producers could no longer attract sufficient investment to survive.

This explains why the auto industry is doing so poorly today. This is what's waiting for the financial industry as well. Economic ruination from oppressive socialistic regulations, plain and simple.

Other people said so.
written by crosspalms, March 26, 2013 12:43
Industry experts and observers expressed dismay that other people were encroaching on their turf.
written by Chris Engel, March 26, 2013 7:59
So sloppy.
written by Ellen1910, March 27, 2013 11:20
OPs are the owners of OPMs.

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About Beat the Press

Dean Baker is co-director of the Center for Economic and Policy Research in Washington, D.C. He is the author of several books, his latest being The End of Loser Liberalism: Making Markets Progressive. Read more about Dean.