The most fundamental problem is that as long as...

economics, politics,
and irrational optimization under absurd constraints

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Mar
31st

Tue

The most fundamental problem is that as long as you have big banks, they can climb the ladder, take down the box, cut the string, open the box, and eat all the cookies.

— Frog, Toad, Cookies, and Financial Regulation « The Baseline Scenario

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all a farce