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> but all regulation contains some percentage of bad regulation Extraordinary claims require extraordinary evidence. I know plenty of regulation that has no ba

> but all regulation contains some percentage of bad regulation Extraordinary claims require extraordinary evidence. I know plenty of regulation that has no bad regulation within. Case in point, I happen to work in the financial sector. The financial sector regulation tends to be, generally speaking, quite good. > there are a lot of people who think 'tech is under-regulated', which is to say, more regulation would probably overall improve 'tech'. that point of view is implausible in light of regulatorily-induced disasters like this Tech absolutely should be more regulated, especially given the abuse of all the major players in the field.

Nemo_bis 2y ago
> Extraordinary claims require extraordinary evidence Saying that a human activity (regulation) makes a non-zero amount of mistakes hardly seems an extraordinary claim. It is extraordinary to claim that there are zero mistakes in financial regulation. Please supply your proof of the negative.
- surgical_fire 2y ago
  > Saying that a human activity (regulation) makes a non-zero amount of mistakes hardly seems an extraordinary claim That was not the claim however. The claim was that "all regulation contain bad regulation", which is a broad unqualified statement aimed at throwing a shadow upon regulation. The kind of bullshit regurgitated by libertarian types that think any regulation is icky. As for financial regulation, all regulation to ensure that banks have enough liquidity to add robustness to the system are good. Things such as KYC and AML are also generally good (which was my statement by the way). They may over time be improved, but anyone would be hard pressed to argue they should be removed for being bad.
  - kragen 2y ago
    if kyc and aml, very controversial regulations pushed by the 'intelligence community' which couldn't be successfully imposed until the 9/11 attacks, are your example of uncontroversially good regulations, it seems likely that it will be difficult indeed to find a regulation you can be convinced is bad

Nemo_bis 2y ago

> Extraordinary claims require extraordinary evidence Saying that a human activity (regulation) makes a non-zero amount of mistakes hardly seems an extraordinary claim. It is extraordinary to claim that there are zero mistakes in financial regulation. Please supply your proof of the negative.

surgical_fire 2y ago
> Saying that a human activity (regulation) makes a non-zero amount of mistakes hardly seems an extraordinary claim That was not the claim however. The claim was that "all regulation contain bad regulation", which is a broad unqualified statement aimed at throwing a shadow upon regulation. The kind of bullshit regurgitated by libertarian types that think any regulation is icky. As for financial regulation, all regulation to ensure that banks have enough liquidity to add robustness to the system are good. Things such as KYC and AML are also generally good (which was my statement by the way). They may over time be improved, but anyone would be hard pressed to argue they should be removed for being bad.
- kragen 2y ago
  if kyc and aml, very controversial regulations pushed by the 'intelligence community' which couldn't be successfully imposed until the 9/11 attacks, are your example of uncontroversially good regulations, it seems likely that it will be difficult indeed to find a regulation you can be convinced is bad