Would you prefer public policy that changes at the speed of high-frequency traders on the stock market, or at the speed of long-term investors that analyze at the level of Warren Buffett (true value-oriented investments) and storied venture capitalists (big-play game-changing startups)?
It's not that policy should change constantly, but that people who make policy tend to lose legitimacy in a very abrupt way. Transfer of power has to be very rapid, or people will rebel and stop following the leader.
