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You're not disagreeing with anyone. Taleb, the above commentator, and myself all agree that banks shouldn't get bailouts.

We also agree that murder is bad. But saying "murder is bad" doesn't stop murder.

Likewise, saying "bailouts are bad" won't stop a future bailout.

If you think Taleb's idea to limit bonuses is bad, then say so. But don't attack an argument he didn't make.

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>> If you think Taleb's idea to limit bonuses is bad, then say so. But don't attack an argument he didn't make.

Yes, I think any arbitrary interventions like 'limit bonuses' are not effective and costly. Banks will find loopholes and taxpayers have to pay for the new regulatory staff that enforce the regulations.

The only 'regulation' that is needed is the elegant self-regulation of a free, fair market: broke businesses fail.

I'm not talking about permitting fraud. People who commit fraud should go to jail.

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