Regulators Must Regulate

This idea about creating a “systemic risk regulator” seems like a pretty good idea, but it’s also worth noting that one of main weaknesses of regulatory entities are regulators who lack the will to do anything. For example, Alan Greenspan could have raised interest rates to burst the housing bubble, but instead, he told people to take out adjustable rate mortgages.

I’m afraid there isn’t much of a solution here, but one thing would be to elect people who actually believe the government has a role in society.


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