In response to:

No Regulation? No Problem

America is Over Wrote: Jan 02, 2013 6:19 PM
Wikipedia founder Jimmy Wales tells me that method "works far better than the top-down system that it replaced." It works great if you want to be told that "football" means soccer, that actresses are "actors", that BC and AD and now BCE and CE, etc. The media moguls of the 1930's-1950's PROMOTED American culture. Today moguls undemine American culture.

In the short time since President Obama was re-elected, government has issued hundreds of new regulations. The bureaucrats never stop. There are now more than 170,000 pages of federal regulations.

President Obama wants still more rules. Cheering on increased financial regulation, he said, "We've got to keep moving forward." To the president, and probably most Americans, "forward" means passing more laws.

It is scary to think about a world without regulation. Intuition leads us to think that without government we'd be victims of fraud, as I explain in my latest book, "No, They Can't!" But our...