Free Market
Author:
Gregory Bresiger
Online Publish Date:
The Free Market 23, no. 9 (September 2003) I t happens in every bear market and in every crash. Investors get it wrong. Then regulators get it wrong. They look for scapegoats and find the wrong ones. They whoop up a holy war in the popular press as markets are embraced by a persistent bear. They indict the wrong people. They’re like the