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S5 Ep43: The illusion of control

VoxTalks Economics

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Fin Taxes - How Do We Get to What You Want?

We tend to treat all the institutions of the financial system like we treat the largest banks, says Lord Tebbit. But these are enormous fixed costs which make it practically impossible for people with great new ideas to start and grow their businesses. All that requires is for the government to force the regulators to have the sam rules for everybody, he adds.

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