Yglesias

‘Regulatory Uncertainty’ Debunked

CREDIT:

Jan Eberly got confirmed last week as Assistant Secretary of Treasury for Economic Policy, so naturally the department has her out and blogging this morning. In particular, she’s bylined a brutal takedown of the “regulatory uncertainty” meme that I think will make Senate Republicans wish they’d filibustered longer.

The brand new point she brings to this is to highlight the precise correlation between German and American equity market measures of volatility:

Different countries, different politics, different regulations but same exposure to the existence of a global financial crisis.