I don't think it's so much of a matter of learning or not learning anything. If you're just talking about the financial markets, I believe that the abundance of information available as well as how easy it is to trade nowadays (nearly anyone with money can do it) has made the markets a hell of a lot more volatile than they have ever been. There's no practical way that such liquid, levered, layered, and complicated markets can be competely regulated. Besides, no matter how much regulation you attempt to put on the financial markets or the banking industry, they're just going to find a way around it.
I've also been wondering what kind of regulation has what kind of place in these new technological and economic realities. Ideally, you want something that will not stifle healthy activity, and at the same time, impartial, and does not factor into already complicated business. And of course, something that is effective.
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