4 ms·
The libertarian fallacy: the solution to bad regulation is no regulation whatsoever.
by freen 4y ago
The libertarian fallacy: the solution to bad regulation is no regulation whatsoever.
- notch656a 4y agoThe freen fallacy: anything between 'Patriot Act era KYC' and 'the <freen> solution' is libertarian nonsense.
- freen 4y agoLook: current financial regulations in the US and Europe mean we’ve been leapfrogged by Africa: M-Pesa etc. Don’t disagree, but throwing the baby out with the bath water and going full raw dog lets speed run the entire history of financial fraud is not a good idea.
- psd1 4y agoSpeak for yourself. I've been able to send money to my friends' phone numbers for years. America hasn't even discovered different colours for banknotes yet. It's parochialism, not regulation, holding you back. Apart from that, nicely put.