In response to:

No Regulation? No Problem

kurt35 Wrote: Jan 03, 2013 12:49 AM
You are 100% correct - the historical record bears that out and the late, great Milton Friedman would concur. Better work conditions came about by companies improving them on their own and not by government dictat.

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...