Regulatory Policy

How Financial History Can Repeat Itself

Weekly Economic News Roundup and financial history deja vu
Comments (1)
  1. Rick Shapiro says:

    The financial intermediation industry, despite becoming unnecessarily bloated over the past fourty years, provides a necessary service to society – facilitating efficient allocation of capital. It therefore needs regulation and safety nets, even though regulators have difficulty keeping up with inventive efforts to evade regulation and swindle the public by concealing risk.
    The crypto industry, by contrast, serves no purpose useful to society. It is merely a venue for gambling, and deserves no regulation or safety net.

Leave a Reply

Your email address will not be published. Required fields are marked *