In response to:

No Regulation? No Problem

showell Wrote: Jan 02, 2013 1:25 PM
Not only should fraudsters be shunned from the markets, but they should also be prosecuted and serve a substantial prison sentence.

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...