This is how markets weed out the bad ones on their own, without relying on gover... | Hacker News

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llimos on Oct 19, 2021 | parent | context | favorite | on: $1M bounty for details on Tether’s backing

This is how markets weed out the bad ones on their own, without relying on government.

SantalBlush on Oct 20, 2021 [–]

Not really. Markets weed out unprofitable firms. Government doesn't really care about that. On the other side, government regulates firms that engage in some harmful (open to interpretation) practice, and markets don't care about that unless it makes them unprofitable.

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