3 ms·

Could you explain, in detail, that difference?

• Analemma_ 9y ago
  Whether or not they profit him, obviously.
  • hitekker 9y ago
    Yep. When I need the law on my side, it's "simple enforcement". When the law is on the other side, it's overregulation!
• CryptoPunk 9y ago
  The former reflects classical liberalism, which is the belief that the government should get involved when fraud or aggression has occurred, and deter crime through deterrence. The current regulatory system reflects the belief that government ought to preempt crime by creating centralized gatekeepers that impose blanket bans on entire categories of voluntary exchange (e.g. securities issuance), that are only lifted on a case-by-case basis if one is approved/registered by/with that gatekeeper.
• fastball 9y ago
  Probably things like bailouts, the Fed insuring things it has no business insuring, etc. Basically he seems to be espousing libertarian economics - prevent people from actively harming me, but don't try to otherwise actively participate in the financial system.