Hello, Welcome to the 68th issue of Allison’s Ode to the Second Moment, a newsletter about the tools that reduce risk—but offers no guarantees if you use the wrong tool for the wrong job. Anti-trust This may surprise some of you to hear, but I actually love regulation. I think it is critical for a functioning economy. There are many market imperfections that require intervention. The imperfections might be naturally occurring or the result of some external distortion—but they exist. Regulations play an important role in terms of correcting imperfections and simply helping markets work better. However, regulations are a tool, and you need to be sure that you’re using the right tool for the right job. Otherwise you might create new distortions that cause even bigger problems.
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