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> Extraordinary claims require extraordinary evidence Saying that a human activity (regulation) makes a non-zero amount of mistakes hardly seems an extraordina

• 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