The whole curse of the last century has been what is called the Swing of the Pendulum; that is, the idea that Man must go alternately from one extreme to the other. It is a shameful and even shocking fancy; it is the denial of the whole dignity of the mankind. When Man is alive he stands still. It is only when he is dead that he swings.
In this world, there are two times. There is mechanical time and there is body time. The first is as rigid and metallic as a massive pendulum of iron that swings back and forth, back and forth, back and forth. The second squirms and wriggles like a bluefish in a bay. The first is unyielding, predetermined. The second makes up its mind as it goes along.
Banks are concerned the central bank is imposing too many regulations. If the trend continues, we'll swing to heavy regulation. We need to have balanced regulation to encourage the economy.