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I agree with the author that under-regulated microfinance is prone to failure. But the conclusion that I draw from that is not "microfinance is prone to failur

I agree with the author that under-regulated microfinance is prone to failure. But the conclusion that I draw from that is not "microfinance is prone to failure" but that all under-regulated finance is prone to failure.

valuearb 6y ago
I took it to mean that excessive regulation reduces options, competition and costs.
- sukilot 6y ago
  What does "excessive" mean then?