The Power Law Relationship Between Financial Crisis and Natural Law

Regulation is supposed to reduce the number and size of financial forest fires. Yet, as we've seen, it can quite have the opposite effect. This is because the political process is itself somewhat complex. Regulatory bodies can be captured by those whom they are supposed to be regulating. They can also be captured in other ways, for example, by their reli on the entities they regulate for the very data they need to do their work. In his most recent work, nasim taleb asks a wonderful question, what is the opposite of fragile?