2.3% to support so little economic activity is just insane.
This is the type of tragedy of the commons issue where regulation is needed. For any one actor they can justify spending infinity energy as long as their ROI is positive.
There are enough justifications out there that it's easy to convince oneself that you're doing the world a favor ("I'm just librating finance and fighting the good fight against the central bankers").
This is the type of tragedy of the commons issue where regulation is needed. For any one actor they can justify spending infinity energy as long as their ROI is positive.
There are enough justifications out there that it's easy to convince oneself that you're doing the world a favor ("I'm just librating finance and fighting the good fight against the central bankers").