It is impossible to anticipate the numerous financial products that human ingenuity can create, and that can be dangerous to use but of great value to some. The risk created by many of the regulatory measures under consideration in today’s crisis-scarred world is that they may end up over-regulating our markets to the point of blocking the emergence of valuable new products.
这只是其中一个例子。我们不可能预先估计到人类智慧究竟能创造出多少金融产品，而其中哪种产品对某些人有害却对另一批人有利。在这个对危机依然心有余悸的世界，许多监管方式所引发的风险就是对市场的过度监管，以至于许多有价值的新产品都胎死腹中。