We have seen the future, and it sucks.

A Bad Solution to Very Real Problems

4th February 2018

Read it.

The Great Depression brought the failure of thousands of banks in the United States, and none in Canada. Comparing Canada and the United States suggests that there was something deeply wrong with the American banking system. But what was it? The short answer is that American banks were heavily regulated, contrary to Canadian banks.

Few things strike fear in the ‘progressive’ soul than the term ‘unregulated’. Read the news: Whenever something new arises, the first reaction by the Usual Suspects is a call to ‘regulate’ (i.e. impose political controls via government) it. The ‘progressive’ mind reacts to the prospect of human activity outside of politics the way the Pope reacts to the prospect of Mortal Sin.

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