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!
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:
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5 comments:
Riffing? Is this like some sort of libertarian jam session?
I'm a little slow. I'm sensing a theme here?
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.
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.
Libertarian Jam would be a cool name for a jazz ensemble. Or for fruit preserves.
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