The problem with this, I think, is that it can always be used to justify volatility.
E.g. economic policy after the Great Depression has kept such an event from happening again at that scale. Was there too much volatility in the early half of the 20th century, or is the economic policy that moderated the cycles just setting us up for an extreme crash to come?
Any reduction of volatility could be argued to be a step away from antifragility, toward systems that can't survive on their own. But not all are; and even when they are, there may be other benefits that compensate for the loss.
E.g. economic policy after the Great Depression has kept such an event from happening again at that scale. Was there too much volatility in the early half of the 20th century, or is the economic policy that moderated the cycles just setting us up for an extreme crash to come?
Any reduction of volatility could be argued to be a step away from antifragility, toward systems that can't survive on their own. But not all are; and even when they are, there may be other benefits that compensate for the loss.