{"id":6034,"date":"2010-02-10T13:32:41","date_gmt":"2010-02-10T11:32:41","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=6034"},"modified":"2010-02-10T13:32:41","modified_gmt":"2010-02-10T11:32:41","slug":"stiglitz-regulation-has-to-begin-at-home","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/10\/stiglitz-regulation-has-to-begin-at-home\/","title":{"rendered":"Stiglitz: regulation has to begin at home"},"content":{"rendered":"<p><a href=\"http:\/\/www.ft.com\/cms\/s\/0\/fc3cf34a-15e2-11df-b65b-00144feab49a.html\">FT.com \/ UK - Watchdogs need not bark together<\/a>.<\/p>\n<p>Joe Stiglitz in the FT says:<\/p>\n<blockquote><p>Countries that proceed [to protect their own citizens with strong domestic regulation] will face threats of the kind already received - a rapid departure offshore. But the parts of the financial system critical to the real economy - those, for example, that lend to businesses - are not so footloose. Any cost-benefit analysis of the loss of the gambling casinos offshore would surely conclude that if some other government wants to risk economic instability and big bills for bail-outs to its taxpayers, so be it - our task is simply to prevent contagion from these under-regulated jurisdictions. No country can fully insulate itself, but the best protection is a good regulatory structure at home. The continuing instability in global financial markets should have made it clear that we need that now.<\/p><\/blockquote>\n<p>As usual, he's right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>FT.com \/ UK &#8211; Watchdogs need not bark together. Joe Stiglitz in the FT says: Countries that proceed [to protect their own citizens with strong<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2010\/02\/10\/stiglitz-regulation-has-to-begin-at-home\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[65],"tags":[],"class_list":["post-6034","post","type-post","status-publish","format-standard","hentry","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6034","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=6034"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/6034\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=6034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=6034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=6034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}