Bureaucrat Worried About His Job

Here

By observation and logic regulationism was at the heart of the events leading up to the 2008 credit crisis.  It was the predictable, abject and unremitting failure of governments and their bureaucratic Satraps engaging in credit expansion and niaive and incompetent (based on their ignorance and their own self regarding arrogance) bank regulation especially as regards the quantity and quality of their capital requirements that encouraged Banks in their own (and ultimately unsustainable) monetary expansion.  The result being an absolutely text book Austrian Business Cycle theory failure.

In fact the sheer quantity of regulationism has made Banking a de facto nationalised industry and a monopoly supplier of a monopoly product.

So then we get self serving bureaucrats like Randall clamouring for more regulation post Brexit. One might have thought he was worried about his job.