Noah, "Perfection is attained, not when you ...

Noah,

"Perfection is attained, not when you have nothing left to add, but when you have nothing left to take away." Some French guy, I forgot who, however.

This is a not a left/right paradigm issue as you falsely postulate. That you overlook the fact that much of our current issues come, not from the under regulated FIRE industry, but from the government tinkering in markets (GSE's, The FED, the ECB, etc.). Attributing our current issues along the left-right fault line ignores the fact that both sides have contributed to the mess we find ourselves in.

As someone who has worked in the FIRE industry, all I can offer is that regulation is one of the major roadblocks in capital formation and distribution. The myriad laws of what we can and cannot do with our and our customer's capital prevent of us achieving our true potential.

I don't know you and I have never read your site until till today. But, it is glaringly obvious that what you have in education, you lack in real world experience. I know that this is tough to hear and that, in your mind, you will chalk me up as some right wing/ZH/racist/whatever, so I will offer you this analogy.

You are sex therapist that has never had sex. You can read all the books on the subject, but until you actual participate in the act, you are no expert.

The best regulation is the threat of losing your or your customers money. This has been true since the beginning of time, its true today and will be true in 10,000 years. Learn it, live it and love it!