Wednesday, November 23, 2011

Your Philosopher Kings in action, Act the Third

Man, that Aretae is one wicked smaht bastid.  Riffing on a must-read post by Sonic Charmer, he brings teh smart:
Financial firms necessarily always outwit regulators because of the OODA loop. Regulations take time to craft. Financial direction changes don't.
But hey, at least a bunch of lefty Ivy League grads get some great, high paying jobs as regulators!  Winning!

5 comments:

  1. bluesunNovember 23, 2011 at 2:56 PM

    Riffing? Is this like some sort of libertarian jam session?

    ReplyDelete
  2. Guffaw in AZNovember 23, 2011 at 3:55 PM

    I'm a little slow. I'm sensing a theme here?

    ReplyDelete
  3. SiGraybeardNovember 23, 2011 at 6:18 PM

    Excellent linkage and thoughts.

    Someone famously said, "The government does two things well: nothing and over-react". I will add a third: they also choose the wrong thing to do pretty darned well, too.

    ReplyDelete
  4. NotClauswitzNovember 23, 2011 at 7:26 PM

    It's so easy to get inside their OODA loop and Tuller 'em, especially with a regulator/lobbyist who has some inside bait - they can't resist the bait because it makes them feel all *trader-smart* instead of duped and stupid which is what they really are.

    ReplyDelete
  5. BorepatchNovember 24, 2011 at 4:37 PM

    Libertarian Jam would be a cool name for a jazz ensemble. Or for fruit preserves.

    ReplyDelete

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