Escape by arbitrage

Rick Bookstaber has a great post up about the weaknesses of any potential financial regulation. You can escape it by regulatory arbitrage by picking and choosing your regulator.

Macro Man, on the other hand, has a better idea in this environment of higher taxes and goveernment regulation:

I have had in the back of my mind for many years that a large consortium of the mega-rich, private and corporate, should buy Eritrea from its owners and build a low tax, regulation free Utopia. The Country motto being Caveat Emptor and the only rule being, in Mad Max style

But serious, folks...

Madness over. However, there is one country that is quietly shaping up to be a pretty good contender for the role of off-shore Europe..... The new Carthage. Have you seen what Libya are up to these days?

The ultimate escapes, but be careful about what you wish for.