He didn't say each player would regulate itself, but that the system as a whole ... | Hacker News

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		eds on Feb 1, 2009 \| parent \| context \| favorite \| on: New owners of eBaum's World fire ebaum and his sta... He didn't say each player would regulate itself, but that the system as a whole would regulate itself. The system did regulate the companies you mentioned--they went out of business. Unfortunately, the federal government threw the taxpayers under the bus in order to keep the system from working like it's supposed to.

quoderat on Feb 1, 2009 [–]

Working like it was supposed to during, say, the Great Depression?

That was a likely outcome if we'd followed the prescriptions you seem to advocate above.

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