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tashi | 3 years ago

Well, since lack of bank regulation almost destroyed the economy a little while ago, having a job that comes with incentives to reduce regulations is qualitatively different than those other options: more morally complicated, more dangerous.

The interviewer may have expected that fact to be self-evident to his readers, and that Barney Frank's unwillingness to engage with it, and to try to deflect in order to "win the argument," would speak for itself.

discuss

order

fwlr|3 years ago

Maybe that was their plan, yeah. Barney’s argument seemed to be “if you’re tough on banks as a legislator it’s good to go work at a bank after leaving Congress; if you’re soft on banks as a legislator it’s bad to go work at a bank after leaving Congress”. If you approach it with sufficient distrust of politicians/bankers and insufficient understanding of the regulation I can see that argument being unconvincing.

(Unimportant nitpick: one option being more morally complicated and more dangerous than the others is a quantitative difference, not a qualitative difference.)