Quote Originally Posted by CR
Regulation is often, not just rarely, a tool of the powerful - people or corporations - to use governments and politicians against their competitors. The only answer is forbidding the government from such economic interference in the first place.
I'm asking for very strict limits; only laws against fraud, coercion, and harming people basically.


Yes, well, you only get to write something like this because you either refuse to acknowledge, choose to forget or simply are not aware of the full range of regulatory mechanisms needed.
Where do you place anti-trust laws exactly? And your legislation to separate investment from commercial banking? How do you keep in check global transaction banking? Will your policy on capital and reserve requirements, which you would hopefully put in place to protect people from harm as you write, not see financial corporations trying to influence it? In the same way, your restrictions on large exposures would somehow not motivate banks to lobby against them? Would you forbid monetary policy? You would do away with disclosure provisions?
Mind you, these are just off the top of my head, a qualified person would bury you. All of the above can be placed under your “do not harm the people” umbrella. By changing the name you do not affect the dynamics one bit. Good frickin’ grief? It helps no one if you react after the fact, that one can hold such a view at this point in time is surprising.