Since isolating the betting markets from the swings of the rest of the market is unrealistic/impossible/stupid, we should aim for a mixed governance model
What you suggest is a compromise, which is a fancy word for “inability to see and implement a positive-sum outcome”.
A better approach, following Altshuller, is to figure out what features makes markets less than ideal and work on making them do good instead of fighting them.
A better approach, following Altshuller, is to figure out what features makes markets less than ideal and work on making them do good instead of fighting them.
The task of removing/containing bubbles and crashes from financial markets seems an extraordinarily hard task—and that’s what would be needed.
What you suggest is a compromise, which is a fancy word for “inability to see and implement a positive-sum outcome”.
Or “when you work with nails and screws, have both a hammer and a screwdriver in your inventory” :-)
What you suggest is a compromise, which is a fancy word for “inability to see and implement a positive-sum outcome”.
A better approach, following Altshuller, is to figure out what features makes markets less than ideal and work on making them do good instead of fighting them.
The task of removing/containing bubbles and crashes from financial markets seems an extraordinarily hard task—and that’s what would be needed.
Or “when you work with nails and screws, have both a hammer and a screwdriver in your inventory” :-)