October 29, 2009 4:10PM 

# Thursday Links 

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- A Financial Super-Regulator: [The dangers of giving the Fed too much power.](http://bit.ly/4lGipC)

- [The financial regulators’ pipe dream](http://bit.ly/1RCaSI): “Most new regulation will do nothing to limit crises because markets will innovate around it. Worse, some regulation being considered by Congress will guarantee bigger and more frequent crises.”

- The shape of things to come? [More war will come before peace in the Middle East,](http://bit.ly/20qmYp) says journalist and foreign affairs analyst Leon Hadar.

- The illegal cigarette trade in Ireland reaches “[epidemic proportions](http://bit.ly/3nQaRV)” after the government imposes draconian regulations on tobacco products.

- Podcast: “[Too Big to Fail Is Just Too Big](https://www.cato.org/dailypodcast/podcast-archive.php?podcast_id=1015)”

[“Too Big to Fail Is Just Too Big](//cdn.cato.org/dailypodcast/geraldpodriscoll_toobigtofailisjusttoobig_20091029.mp3',title:'Too%20Big%20to%20Fail%20Is%20Just%20Too%20Big',duration:'734',id:'1015',image:'https://www.cato.org/people/images/cdp/cdp_odriscoll.jpg',author:'Gerald%20P.%20O\'Driscoll%20Jr.'}))

##### Related Tags 

[General](https://www.cato.org/general) 

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