A single agency responsible for systemic risk would be accountable in a way that no regulator was in the run-up to the 2008 crisis. With access to all necessary information to monitor the markets, this regulator would have a better chance of identifying and limiting the impact of future speculative bubbles.
Top 452 Future Quotes
The successful entrepreneurs on the free market will be the ones most adept at anticipating future business conditions. Yet, the forecasting can never be perfect, and entrepreneurs will continue to differ in the success of their judgments. If this were not so, no profits or losses would ever be made in business.
Murray Rothbard
Sometime in the future, science will be able to create realities that we can't even begin to imagine. As we evolve, we'll be able to construct other information systems that correspond to other realities, universes based on logic completely different from ours and not based on space and time.
