Drawing back the financial Iron Curtain to A Beautiful Anarchy with Jeffrey Tucker
Welcome to Capital Account. The CEO of RBS warned about a huge fine facing the bank due to the LIBOR scandal; meanwhile, HSBC has set aside $2 billion to cover regulatory problems, including LIBOR-rigging and money laundering. We often cover regulation violations by the big banks, but today we will talk about a litany of absurd small business regulations that could be crushing entrepreneurs. We ask our guest Jeffrey Tucker, Author of "A Beautiful Anarchy: How to Create your own Civilization in the Digital Age," about the impact of regulation on small businesses.
Also, Mitt Romney was in Poland after making headlines for his tough talk on Iran and blunders in the UK. Does this campaigning seem like so much noise? Are you are looking beyond the constructs of the modern US democratic system for alternative ideas? We will hear from author Jeffrey Tucker about anarchy, and the role it can play in building a new civilization in the Digital Age.
Sarbannes-Oxley turned 10 yesterday, but no executives who knowingly signing off on inaccurate financial reports have been put in jail for crimes related to the financial crisis. What is the lesson? We talk about it with Jeffrey Tucker, Executive Editor of Laissez-Faire Books.
In a special segment of Loose Change, Jeffery Tucker joins Demetri Kofinas and Lauren to talk about wine and art as a possible hedge, and what it means when Olympic gold medals contain less than 2% gold.