TightWind is written by Kyle Baxter. Stay Hungry. Stay Foolish.

Harvard professor Niall Ferguson:

It is more than a little convenient for America’s political class to blame deregulation for this financial crisis and the resulting excesses of the free market. Not only does that neatly pass the buck, but it also creates a justification for . . . more regulation. The old Latin question is highly apposite here: Quis custodiet ipsos custodes? — Who regulates the regulators?

Or: who watches the Watchmen?

(Via Marginal Revolution.)