3 ms·
Doesn't society as a whole want some regulation on the financial system? Like insider trading: that gives smaller traders that are farther from the seats of pow
by bediger4000 3y ago
Doesn't society as a whole want some regulation on the financial system? Like insider trading: that gives smaller traders that are farther from the seats of power confidence they can invest without getting fleeced. Insider trading laws make the stock market as a while bigger because more people will invest. A small amount of regulation gives the whole of the US more money to spread around where capital is needed.
- 7thaccount 3y agoMost do I would think with the exception of some at the top and the libertarian think tanks they fund. I've heard many of those claim that market failures don't exist when it's literally in every Econ 101 book. They make some good points that I agree with, but commonly make bad arguments (e.g. use the argument that it's ridiculous to regulate lemonade stands with health standards, so we shouldn't have health standards for meat packing plants and that sort of thing).
- krapp 3y agoThe American political system interprets the will of the people as damage and routes around it.