3 ms·
Either way, it smoothes out the booms and busts.
by pbreit 11y ago
Either way, it smoothes out the booms and busts.
- hueving 11y agoThere isn't really any correlation between smoothness of booms and busts and regulation. Quite frequently regulation causes massive swings because it prevents the market from pricing risk correctly (e.g. The affordable housing act leading to banks not needing to care about mortgage payback risk).