re: #88 Obdicut

You can’t regulate an outcome, period.

Your definition of regulation failure is nutty as hell to me, yes.

Ok. I’m going to try to use a nutty analogy in an attempt to show you what i mean and be sorta meta at the same time. I may fail…

Let’s say that there is some compound (fictional) required to make ethanol. Let’s say that there is a bubble and an unforseen consequence is that the mfrs decide that it’s more profitable to idle their plants than pay the increased price of the compound. All of a sudden, we have no more ethanol on the market.

We COULD have mitigated that scenario if we had been able to foresee the consequences. Not having regulated something that couldn’t reasonably be forecasted is not a regulation failure, it’s life. We can’t predict every outcome, and we can’t protect against every outcome.

Let’s assign the blame to ‘regulation’ when it really really ought to have been present and wasn’t.