Absolutely true, but it does not explain everything. Talking as a psychologist, I can unfortunately report that this letter has some merit to it, and I can back it up with at least an example: Zimbardo's prison experiment regarding the psychological effects of being a prisoner and a prison guard have deeply changed the way we perceive group dynamics, in-group vs out-group processes and so on.
It is however impossible to replicate it, or do derivative work because the ethics guide of the APA forbid such treatment of individuals (except when torturing them for the "good of the country" - then APA has no problem sending psychologists to Guantanamo). Milgrams work on conformity would be another perfect example. The ironic part is that APA recently had a posting on their webpage celebrating 50 or so years since the groundbreaking experiment.
Many other experimental designs are also not possible due to strict ethic codes, though this was not the case before the 70-80s.
A bit of freedom is badly, badly needed and it does not involve financial aspects.
1. A regulated currency does not protect from theft.
2. You are implying that because of Free-Market ideas or rules and regulations, we as a society should not follow and punish theft. This idea is so false I really hope I don't have to underline the obvious, or do i?
The customer should be free and invest in whatever place and idea he chooses to. Being the Wild West in currency terms as it is, Bitcoin exchanges are notoriously unsafe. This fact is and the associated risks/rewards are also known. Why do you want to interfere?
And to your point - The Government in a Liberal (European perspective) - Libertarian (American one) has the RIGHT and is EXPECTED TO provide courts of LAW in which corporation
May I ask you, in this big government orgy that protects us from theft, how much time has the HSBC management have done? Than at least i will take the small government, thank you.And why do some people always leave out the part where the desired small government is not a weak government?
And yes, that is as a Liberal (as I live in Europe) what I wish for.