Market Needs More Principle, Less Regulation

I have the luxury of not being a regulator, which I think is a very difficult job. I used to be a physicist, and Nature doesn’t care about regulations; she cares about principles. (If you tried to regulate the motions of the planets you would have a very hard time: turn here, Earth, not too fast, spin more slowly, watch out for the moon, etc. Instead, a few principles of Newton’s take care of everything.) Therefore I’m more partial to principles than regulations, and so I’m going to take the luxury of talking about principles of modeling and the principles of capitalism that, if respected, might mitigate the need for so many regulations.