3 ms·
Sounds nice in theory, but after decades of everything running smoothly, people forget just how instrumental certain laws were to ensure that stability. It's a
by axiolite 4y ago
Sounds nice in theory, but after decades of everything running smoothly, people forget just how instrumental certain laws were to ensure that stability.
It's a lot like anti-vaxers, anti-pasteurization, and other anti-science fads. And I can point to the repeal of banking regs like Glass-Steagall which resulted in the ~2007 financial crisis and recession. Including a post-it note on a law isn't going to give future people the same perspective as someone who lived through the issues first-hand. If that worked, we wouldn't have voters repeatedly supporting politicians who make the same insane promises that never work.
- NoGravitas 4y agoNot to mention cryptocurrencies, which are currently speedrunning the history of financial crises and the regulations they inspired.
- prottog 4y agoSeems like those financial regulations have caused people to forget that if something sounds too good to be true, it ain't.