Thursday, April 29, 2010

I wanna go fast!

Listening to criticism of the financial reform bill echoing on NPR, it sounds like some people are concerned that it will jeopardize our ability to recreate the financial explosion of the middle-aughts.

Isn't that the point?

Isn't the reason that 2005 was so good that it was based on a house of cards... in a wind tunnel?

The analogy at the tip of my tongue is: it sounds a little like baseball saying "we want to ban steroids, but only so long as it doesn't jeopardize our players' ability to hit 70 home runs a year." We need to be able to trust our financial sector. Trust has to be earned. That usually requires sacrifices of some kind or another.

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