The Significance of What We Are Doing (A Tribute)

[CWEvans]

"to route around the encryption"?

South Park reference.

It's a jab at technobabble.

[fuzzy]

Good conversation here...Enron seemed to be the canary in the coalmine to me, now we have the Transpacific Partnership coming. 

Let's see what adding this to the mix does!   https://www.youtube.com/watch?v=ogc-LRWByhY   and not too long after: http://www.washingtonpost.com/business/economy/larry-summers-withdraws-name-from-fed-consideration/2013/09/15/7565c888-1e44-11e3-94a2-6c66b668ea55_story.html

[santaclause102]

The biggest fraud one can think of is free markets plus bail outs... The problem is that no one assumes failure is a possibility.....

[onceuponatime]

"to route around the encryption"?

[CWEvans]

Excellent point, but I'm sure some hairdressers, landscapers, and pool cleaners could surprise us regarding regulations with which their businesses must comply.

The only major market that I am aware of that operates under conditions of quasi-laissez faire is the global foreign exchange market. Granted, central bankers are very big players, but they do not mandate exchange rates.  The rest of us have someone to answer to, some much more than others.

It is going to be very interesting to see where this crazy crypto-bitshares-coin/DAC thing leads us, now that Byzantine generals know how to zoom in and enhance to route around the encryption.

[Troglodactyl]

The TEDx presenter ignores the elephant in the living room: The finance industry is one of the most highly regulated in the world, along with medicine and nuclear energy.

When pro-regulation activists use the term 'deregulation', they refer to partial regulation and not the absence of regulation.

The S&L Crisis and the Sub-Prime Crisis two decades later were enabled by freedom to initiate risky loans coupled with government guarantees.  The only way to know if regulation is preferable to laissez faire would be to repeal all financial regulations, and let banks and mortgage lenders operate with the same freedom and lack of government guarantees as hairdressers, landscapers, and pool cleaners.

Excellent point, but I'm sure some hairdressers, landscapers, and pool cleaners could surprise us regarding regulations with which their businesses must comply.

[CWEvans]

The TEDx presenter ignores the elephant in the living room: The finance industry is one of the most highly regulated in the world, along with medicine and nuclear energy.

When pro-regulation activists use the term 'deregulation', they refer to partial regulation and not the absence of regulation.

The S&L Crisis and the Sub-Prime Crisis two decades later were enabled by freedom to initiate risky loans coupled with government guarantees.  The only way to know if regulation is preferable to laissez faire would be to repeal all financial regulations, and let banks and mortgage lenders operate with the same freedom and lack of government guarantees as hairdressers, landscapers, and pool cleaners.

[fuzzy]

https://www.youtube.com/watch?v=-JBYPcgtnGE#t=14

For those who believe collusion to steal wealth is a "Conspiracy"...

There is far more beyond this, but this is how the war started.

*Back to homework*