Wait a minute, I think I actually agree with something Larry Kudlow wrote (in reference to this new development). Then again, liberal economist Dean Baker (Center for Economic and Policy Research) also agrees that a SEC regulatory change banning short selling is nonsensical and counter-productive, too.
I guess sometimes and idea (or an actual policy!) is so terribly irrational that both ultra-Right Wing-Free-Market-Fundamentalists like Kudlow and hipply-left wing economists like Baker end up united in proclaiming their disgust!
However, technically Baker is opposed to the ban less as a matter of political ideology, and more because the utter hypocrisy and pointlessness of such an anti-free market measure. So Kudlow is, in fact, just a few months behind Baker in reaching his conclusions.
surplus to political requirements
3 years ago