Why I Don’t Like the ‘Saving the World Forever’ Approach to Financial Reform

Rortybomb submits: Paul Krugman writes about the current financial reform efforts, and uses a great metaphor for regulatory regimes. Greek armies were specialized and fought better when they had great leaders, while Roman armies were more generic but robust to poor leadership. “And in the end, since mediocre leaders are the norm, the Roman way prevailed.” Heh. Complete Story

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