Instapundit observes that regulation begets chaos which begets more regulation. No matter what happens, the government lawyers always end up on top. Along with the private lawyers that defend against them. It's the sweetest racket there ever was. More here:
DID REGULATORS cause the “Flash Crash?” Plus, shocking observations: “Maybe the government shouldn’t mess with markets unless it really understands how they function and the costs of regulation. Which it usually doesn’t. Often one regulation leads to another regulation that fixes the first one, and then to another one that fixes the second one, and so on.” Of course, for regulators this isn’t a bug, but a feature — lifetime full-employment!
No comments:
Post a Comment