> Yet we continue to treat it (economics, the global financial system) as some kind of inevitable force of nature, rather than as something that we invented and

> Yet we continue to treat it (economics, the global financial system) as some kind of inevitable force of nature, rather than as something that we invented and (to some degree) chose. I wish I knew why that is. Because markets and financials systems behave like a force of nature. Nobody sat down and invented them, they emerged. The only thing you can invent is regulations. However, you can't arbitrarily regulate markets, or credit. If you do, black markets and informal credit systems emerge. You can't arbitrarily set prices, if you do, shortages and scalping are the result. There is a window where regulation doesn't fail, which is going to be fairly close to where the market wanted to go anyway - kind of like building a dam.