The 'micro-macro' problem of regulation: for each individual regulation there is a good reason to oppose its removal (a lobby against everything), but if there is always a good reason to block everything, then nothing gets done and needed structural reform stalls.

causalpending

Speaker

William White

Evidence Quote

we're back again to this micro macro. For good reason, I'm against it. But if there's always a good reason to be against everything, then nothing happens

Source

Former Chief Economist (BIS) Explains Monetary EndgameReinvent Money
Created: 6/18/2026, 1:58:55 PM

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