...here...when they say I just "want more regulation" or when they talk about how we had a ton of regulations on the books at the beginning of the financial crisis, so it couldn't possibly be related to insufficient regulation.
Regulation isn't a dial that you just turn up or down, people.
I especially liked this sentence: "We became a society of laws not based on whim or philosophy, but on hard experience with the discretion of even the most benevolent aristocrats."
Pigou was not a Pigovian
1 hour ago