Should offshore financial centers be allowed to operate as freely as they do now, or do you favor regulation?

Discussion 1: Offshore financial centers operate with little oversight, few regulations, and often fewer taxes. Many governments complain that these centers sometimes facilitate money laundering.

Question
Should offshore financial centers be allowed to operate as freely as they do now, or do you favor regulation? Discuss.

Discussion 2:
The financial booms and busts over recent years cause some people to call for a return to the gold standard. They point out that the gold standard reduced exchange-rate risk imposed strict monetary policies on nations, and helped correct national trade imbalances

Question:
Do you think a new gold standard could be successful today? Explain.

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