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All of the banks and state regulation keep getting in the way. It’s like there’s a fence in the middle of a path — all we need to do is get rid of the fence and
by labster 2y ago
All of the banks and state regulation keep getting in the way. It’s like there’s a fence in the middle of a path — all we need to do is get rid of the fence and everything will obviously improve.
- blacksmith_tb 2y agoNot sure if that's earnest or satirical - remove all the regulation, and things will improve for some, but I am not optimistic they'll be ordinary people. It seems much more likely to me that wild-west financial transactions will benefit banks and not ordinary folks? I am quite fond of regulations limiting arbitrary fees, for example...
- llamaimperative 2y agoI believe GP's comment is a reference of Chesterton's Fence [1] (an excellent image to load into your brain!). I think they agree with you. [1] https://fs.blog/chestertons-fence/ https://fs.blog/chestertons-fence/
- labster 2y agoThat, and also adding that naive reformist attitudes are incredibly common. Chesterton’s fence is a cognitive tool a lot of people don’t have, or that they only manage to apply in one narrow field of expertise. “I don’t know how anyone could think X” where X is a naive position, is kind of funny, so I replied kind of funnily to remind people that the underlying principle is not obvious.