From: Dan Harmon <harmon@tenet.edu>
Date: Fri, 10 Jun 94 20:51:37 PDT
To: Robert Hettinga <rah@shipwright.com>
Subject: Re: Regulatory Arbitrage
In-Reply-To: <199406110237.WAA15282@zork.tiac.net>
Message-ID: <Pine.3.89.9406102225.A5194-0100000@Joyce-Perkins.tenet.edu>
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On Fri, 10 Jun 1994, Robert Hettinga wrote:

alot deleted
> waterbed" analogy of gravity.  Regulation increases the mass of the bowling
> ball and its escape velocity, or the depth of the hole the bowling ball
> sits in.  In other words, the more regulation there is out there, the more
> the money runs down the hill to the euromarket.  Assuming a frictionless
> waterbed, of course;-).  Nassau, Panama, the Caymans, Luxembourg, Bahrain,
> Zurich, Paris, Amsterdam, Hong Kong, Singapore are all down at the bottom
> of the monetary gravity well.  The most important is London.  But we knew
> this already, from a list of spiffy places to put your money published here
> a few weeks ago.

Maybe we could get the list republished?

Dan