In response to:

No Regulation? No Problem

Jerome41 Wrote: Jan 03, 2013 3:40 AM
Um, we have regulation the same reason we have jails, to punish those who create harms. It might not eliminate evil but it deters harms. Just like laws against robberies deter a percentage of robberies, laws and regulations against pollution deter, control and reduce a percentage of pollution. It isn't that hard, actually.

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...