In response to:

No Regulation? No Problem

ScandallB Wrote: Jan 03, 2013 2:12 PM
The problem that most of the U.S. population has with the Constitution is we are so conditioned to look at a limiting document to see what we cannot do. Our Constitution is written to tell us what the federal government CAN do. It says what the representatives requirements are, thier duties and obligations. It further states that if the power to perform an act is not in the Constitution the federal government is prohibited from doing it. That power or authority falls to the States or the people (communitiies).

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...