[KirinDave]

> In that context, it sounds like you're saying we don't need liability regulation, we need data science to help consumers make better decisions, so that the economic downsides to antisocial action are higher.

I'm not sure why you make it sound like an decision. We're already seeing that improved computing power and statistical methods, coupled with the falling costs of these, are giving us transparency which can guide both consumers and regulators.

Its one of the reasons I'm a fan of "legible" societies once the asymmetry if power and information is overcome. We can all hold each other accountable.

If you check my comment history you'll see I'm a big fan of the CFPB and generally want the government to make bad behavior more expensive, so I appreciate the rest if your post but you're preaching to the choir. I'm furious at what the Executive has done putting a scam artist at the wheel to dismantle it.

[kerkeslager]

My apologies for a confrontational tone then. Your previous post came across to me as being yet another defense of the idea that regulation is bad and incentivized corporations will solve all society's ills. That's possibly more a reflection of my own sensitivities than your communication. :)

I will say that a ton of changes which should be made are low hanging fruit that don't need data science to prove. We don't need data science to prove that bailing out corporations when predatory lending goes wrong, or that fining corporations a fraction of the profits they made from money laundering, are ineffective enforcement.

The underlying problem is that international corporations are, to some extent, above the law, and that is a much harder problem to address.