So, he hasn't heard of Bitcoin? You don't need all these regulations if you just fix money. Central bank controlled interest rates and inflationary monetary pol

So, he hasn't heard of Bitcoin? You don't need all these regulations if you just fix money. Central bank controlled interest rates and inflationary monetary policies are the root of this problem. There's no way for these monopolists to lose if they can leverage with money printed from thin air. It's a risk-free return, because they can profit from centrally controlled monetary policy, which is guaranteed to work for their favor and bail them out if they take too much risk. Make money printing impossible and everything will correct itself. When money is truly owned and controlled by people, free market interest rates will increase and kick out these leveraged rent-seekers. No one will lend their hard-earned money to these people for free. The beautiful thing is that market forces will actually make Bitcoin take over the current system by itself. Free markets will always choose fair money, because it's more beneficial for all of its users, expect for those who benefit from a central mint.