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There's this concept in economics that regulations last about as long as human memory-- that we create a law to stabilize a problem we saw, then the memory of w
by oceanghost 4y ago
There's this concept in economics that regulations last about as long as human memory-- that we create a law to stabilize a problem we saw, then the memory of why we did that is lost, and someone comes in and says "this has always been fine, lets deregulate it."
In the case of crypto, we experienced 500 years of economics lessons in a decade.
- sekh60 4y agoI think the same thing plagues medicine. Vaccines have been so successful in the developed world that we have forgotten the horror of diseases like smallpox and polio. I this success helped the rise of the anti-vax movement.