"whims of the market" as opposed to the whims of a few unelected bureaucrats? influenced by the whims of the politicians trying to buy votes? > We are smart e

"whims of the market" as opposed to the whims of a few unelected bureaucrats? influenced by the whims of the politicians trying to buy votes? > We are smart enough to be proactive about these sorts of things, no, "we" are not. Let's suppose you are, for the sake of argument. What reason is there to think that the sort of people who get appointed to regulatory bodies are equally smart? As opposed to just "well-connected."