You took that out of context. Monetary regulation protects, supposedly. It may protect individuals against losing money in stupid schemes. But it didn't save u

You took that out of context. Monetary regulation protects, supposedly. It may protect individuals against losing money in stupid schemes. But it didn't save us from the recent massive and costly market crashes which hurt far more people than a few loan sharks ever could. The rich use regulation to control markets, that's why the gaps are growing between rich and poor people. Regulation protects from both sides. It can protect you from getting rich too, by loading barriers to your opportunities. Look at climate change - if you want to use another regulatory framework as an example of governmental regulatory failure. Did environmental regulation stop climate change? No it became a tool for lobbyists to use to delay changes to the market that would harm profits. A protectionist racket, full of do good fools who think they know best. Regulation is a tool used by governments to control stuff. Look at what is broken in the world - regulation is a huge factor in that. The answer to regulation is self education.