I briefly modded an old phpBB forum (remember those?) and therefore have sympathy for mods. The job is thankless, and the amount of crap that you need to mod is unending. And this was for a tiny hobby forum, not the vast sewage of Reddit. I'm talking spam, flamewars, spam, harassment, nazis, spam, porn, spam, spam, bigotry, and spam. I can't imagine how hard it would be on a forum with a user base as giant and interconnected as Reddit.

The balance seems impossible. If your moderation is "light touch" the forum ends up like 4chan. If your moderation is heavy handed, you're a power-tripper control freak lording over your site. You can't win.

I don't know how dang does it here. He's some kind of wizard.