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My favorite Tacitus quote comes to mind: "The desire for safety stands against every great and noble enterprise." Of course, the real winners when new systems
by Gormo 15y ago
My favorite Tacitus quote comes to mind: "The desire for safety stands against every great and noble enterprise."
Of course, the real winners when new systems of preemptive regulation are introduced aren't investors or entrepreneurs, but the regulators themselves, at everyone else's expense.
- Drbble 15y agoYou think the SEC staff enjoy making rules and enforcing them, for no profit and guaranteeing to make enemies of one side of every dispute they regulate?
- Gormo 15y agoI don't know whether they enjoy it or not, but it certainly pays their bills. And it's not clear that it makes enemies out of anyone they have to deal with at all.