2min chapter

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Agustin Lebron - Trading, Crypto, and Adverse Selection

Dwarkesh Podcast

CHAPTER

Should Leverage Regulation Be Regulated?

Aadian: Are there inefficiencies created by govern regulation or by restrictions on capital flow? Or is at like, basically what you should expect it to be, even in a free market, or in an optinly regulated market? And then wouldtat, would that fraction shrink without, without harming efficiency? Aadian: i don't have a great answer. But doing things more simply doesn't seem like it's going to get you the thing, like, the sort of stability outcomes you want.

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