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We need to learn from our mistakes. Debt systems have been reliably producing crises for three thousand years.
they test people physically before letting them into the army.
as we can see, allowing moral dwarves into the finance system can be more destructive still.
if we are going to have a certain segment of society entrusted with the total liquidity of a country, there has to be a probity exam that is as exacting as an SAS boot camp.
these people are sitting on the equivalent of arms dumps. giving the keys to unrepentant gamblers, over and freaking over again is collective masochism.
of course politics/democracy allows us the illusion of having the power to kick out rascals, but the supply chain to refresh us with more seems cornucopian.
peak politicians is a ways away...
"We can all be prosperous but we can't all be rich." Ian Welsh
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