[raverbashing]

Regulation gave same-day/instant money transfers between banks in other countries, blame US politics for the regulatory capture

> "Regulation" gave us professionals -- doctors, dentists, lawyers, etc -- who systematically exclude competitors and overcharge their customers because they aren't exposed to the full force of competition and innovation.

I find the overconfidence funny if not for the sheer ignorance of history. Snake oils were literally a thing. (And you're still free to buy them in a way)

[andylynch]

Always worth adding - snake oil was a legitimate thing based on traditional medicine in both Europe and China, imported to America. But then some folks found it more profitable to pass off mineral oil rather than bothering with the snakes.