I think right now it’s the exact opposite.

Further, the core reason for freedom of speech in a democracy is to have freedom for political speech. The need is to have different factions discuss ideas related to the governing of society. Any legal regime that restricts the rights of religion to engage in political speech is one that rejects the separation of church and state. The purpose of the separation is to prevent the government from interfering with the rights of disfavored religious groups or granting special privileges to favored religions. If an individual has a right to political speech, then an association of individuals also has that right whether or not it is religious in nature.

Also the effect isn't that people misjudge their knowledge, it's that they misjudge their place within a distribution. Suppose I give an exam to 30 people, and the results are normally distributed around a score of 70 with a low of 40 and a high of 97. The bottom of the distribution may accurately predict that they scored about 40 on the exam, but if you ask them how they performed relative to their peers, they will believe that they are about average and guess that a sizable portion of the class performed worse than them. Alternatively, if you ask the top performer who scored a 97, they will say that they think they scored about 97, but they will think maybe a few other people scored higher and maybe that the average was in the high 80s. The Dunning-Kruger effect posits that people are actually pretty good at accessing their own knowledge without being a good judge of how knowledgeable others are.

> Dropping patient history into this thing is incredibly ill-advised.

It's illegal

SVB would have passed stress tests because they did what all banks were supposed to do. They invested in "safe" long term treasuries. The only economic environment hypothetical they would fail is, "what happens if there is a bank run and you are forced to realize losses". But what bank can survive a bank run? The Dodd-Frank stress tests don't try to ensure banks can survive bank runs, do they?

When banks invest in the long run, your assets can depreciate in value temporarily to get through short term business cycles. By investing long, a bank's balance sheet will be the average of both assets that aged poorly and assets that aged well. The average should reflect the long term growth of the economy.

The treasuries purchased in the last 2 years depreciated a lot in value and most of SVB's growth happened in the last two years, so there current balances are skewed heavily towards assets purchased right before the interest rate hikes began. If SVB were able to continue operating for say another 10 years, they would be fine even if interest rates never returned to near 0 levels. Additional treasuries would be purchased and the fraction of the balance sheet that consisted of 2020-2022 treasuries would shrink. The rest of the portfolio would probably increase in value. Treasuries purchased today are cheap and have a large upside as rates start coming down, even if rates don't fall all the way to 0. The gains from cheap treasuries purchased towards the end of 2022 and after have potential to dramatically grow in value.

There really isn't any evidence that SVB behaved irresponsibly nor that stricter regulation under Dodd-Frank would have made a difference. If SVB had been inclined to invest in riskier types of investments, Dodd-Frank would have pressured SVB to buy treasuries.

Further, if SMS is completely turned down (and not replaced) so that there is no text messaging service for non-smartphone devices then I'd rather be without messaging capabilities than have to get a smartphone.

> Two roads diverged in a wood, and I— I took the one less traveled by, And that has made all the difference.

is that Frost's line is sarcastic. He wrote this poem about a friend that would endlessly analyze his choices, fretting about not choosing the optimal choice. He'd always be in decision paralysis. Frost was actually saying that either path would have been fine and you should just make a choice instead of wasting all your time overthinking it.