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There is not necessarily a good reason why a regulator should have to be involved in product design and marketing for rich and sophisticated investors. We recommend that such investors should be able to sign a piece of paper, which allows them to go ahead and buy unregulated products at their own risk. ↗
The business of a Political Economist is neither to recommend nor to dissuade, but to state general principles, which it is fatal to neglect, but neither advisable, nor perhaps practicable, to use as the sole, or even the principal, guides in the actual conduct of affairs. ↗
Once I was in a cafe in Portland and the woman at the next table and I began chatting and in the course of our conversation she strongly recommend I visit this web site called 'The Rumpus' so I could read this advice column called 'Dear Sugar.' It was so painful not to tell her that in fact I was Sugar, but I didn't. ↗