There's a book out now called "This Time is Different: Eight Centuries of Financial Folly". Throughout history, in various types of governments and economies w/

There's a book out now called "This Time is Different: Eight Centuries of Financial Folly". Throughout history, in various types of governments and economies w/ varying degrees of regulation, there have always been financial disasters. There will always be financial disasters. So the issue is not more or less regulation. The issue is how to quickly recover from the next inevitable disaster. The best thing the government can do is quickly pay down the debt so that, in 10-15 yrs, it can borrow like mad during the next depression.