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Our goal should be to make decision makers internalize the full consequences of their decisions, rather than prevent them from making decisions altogether [...] But we tend to reform under the delusion that the regulated institutions and the markets they operate in are static and passive, and that the regulatory environment will not vary with the cycle. Ironically, faith in draconian regulation is strongest at the bottom of the cycle, when there is little need for participants to be regulated. By contrast, the misconception that markets will govern themselves is most widespread at the top of the cycle, at the point of maximum danger to the system. We need to acknowledge these differences and enact cycle-proof regulation, for a regulation set against the cycle will not stand. To have a better chance of creating stability throughout the cycle--of being cycle-proof--new regulations should be comprehensive, nondiscretionary, contingent, and cost-effective. ↗
I couldn’t be with people and I didn’t want to be alone. Suddenly my perspective whooshed and I was far out in space, watching the world. I could see millions and millions of people, all slotted into their lives; then I could see me—I’d lost my place in the universe. It had closed up and there was nowhere for me to be. I was more lost than I had known it was possible for any human being to be. ↗
It’s just that you go so crazy being alone like that. Sometimes he’d forget my water or food and I’d cry and cry and cry.” She stops talking and looks out the window. “I would try to tell myself stories to pass the time. Fairy tales. Parts of books. But they got used up. ↗
#hopeless #loneliness #sad #trapped #food
She realized that being starved for words was the same as being starved for food, because both left a hollow place inside you, a place you needed filled to make it through another day. Rachel remembered how growing up she’d thought living on a farm with just a father was as lonely as you could be. (130) ↗
Given enough time, you could convince yourself that loneliness was something better, that it was solitude, the ideal condition for reflection, even a kind of freedom. Once you were thus convinced, you were foolish to open the door and let anyone in, not all the way in. You risked the hard-won equilibrium, that tranquility that you called peace ↗
