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Of course its not; no more than the 2008 financial crisis was entirely opt in. Individuals do not have the opportunity to fully control all aspects of the finan
by emn13 5y ago
Of course its not; no more than the 2008 financial crisis was entirely opt in. Individuals do not have the opportunity to fully control all aspects of the financial system they're exposed to.
- CryptoPunk 5y agoIndividuals fully control whether they interact with the financial system at all, and if they do, which parts they are exposed to. The risk posed by any financial asset is not distributed uniformly across the economy. Its impact on any party is proportional to their direct and indirect exposure to that asset, which is something that they control and have to take responsibility for.