kaal:claim:2273857-002

Because economic conditions and the corresponding requirements for optimal and stable rules are constantly evolving, a rule set that is optimal at enactment ceases to be optimal over time.

Source quote, verbatim

The economic conditions and the corresponding requirements for optimal and stable rules are constantly evolving, suggesting that a different set of rules could be optimal.

From

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013), Abstract, p. 3
https://ssrn.com/abstract=2273857 · source PDF

Cite as

Wulf A. Kaal, Dynamic Regulation of the Financial Services Industry (2013). SSRN: https://ssrn.com/abstract=2273857

Holds when

economic and market conditions continue to evolve after enactment

Classification

mechanismsupport: argueddynamic-regulation

Verify

The quote above is an exact substring of the source PDF, whose sha256 is e7cb3dea40593135acc99a9b00690138fe01020514ebf388f5140e1b0e59e82a. Extraction method: pdf-text-layer.
Attestation record: colloquium/attestations/5975e5930d83ff2b...json
Verify the binding yourself: curl -s https://wulfkaal.github.io/claims/2273857-002.md | sha256sum