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by danaris
1185 days ago
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The difference between war and financial regulations is that there is no reason that the conditions that caused a previous financial crisis can't reoccur if you don't regulate against them. It's less like war that way, and more like health: you don't say "well, I got salmonella poisoning last year, so that's the last war; there's no reason to be careful about cooking chicken all the way through now!" If letting retail banks take depositors' money and gamble with it was a bad idea then, it's almost certainly still a bad idea now. |
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