Quis custodiet ipsos custodes?
The phrase, as it is normally quoted in Latin, comes from the Satires of Juvenal, the 1st/2nd century Roman satirist. Although in its modern usage the phrase has universal, timeless applications to concepts such as tyrannical governments and uncontrollably oppressive dictatorships, in context within Juvenal's poem it refers to the impossibility of enforcing moral behaviour on women when the enforcers (custodes) are corruptible (Satire 6.346–348):
Well i think the idea of regulating the world might be dumb for 4 reasons
1.Regulators are human and they don't know
2.If they make the economic actors they regulate to act all in the same way if one has a problem we are faced with a systemic problem
3.They distort the price signals in the market and investors make non economic decisions. (Buy sovereign paper because it is favored by regulators at zero yields)
4.People stop thinking because after all they are doing all according to the regulators
I guess there is nothing to do about this because people still think that a Employment Initiative by the government creates job's and a growth policy creates growth.
After 10 years of this policies in Portugal we are in deep trouble but people still believe that a Development Bank is going to bring development and a market regulator is going to regulate?
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