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Ep. 264: John H. Cochrane Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Disadvantages of Regulation in America

I think a lot of people sometimes don't recognize how dramatically at a disadvantage America is in many cases of the regulation. Adam Smith railed about the guilds and the way the guilds worked in the 1700s was in order to be in any business. The way regulation works now in the US is there's just this 50,000-page vague set of rules which the regulators can then do what they want to.

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