Here’s a little digression, but interesting nevertheless. It has been over 5 years since the financial crisis struck. Reduced banking regulation (since early 1980s) was certainly a big part of what led to the 2008 near-meltdown (by allowing banks to own investment banking divisions that make risky bets). But even with more regulation, there would have still been a massive unregulated “shadow banking” system. Once the financial meltdown subsided,…