Self-hating Boomer
2009-05-06 09:42:44
The mistake that both sides (liberal left and libertarian right) make is talking about regulation as if it’s a substance in a bottle, and the only question is “how much?”. The failure in the financial markets, pontification by Dear Leader not withstanding, isn’t too little regulation, but wrong regulation, probably motivated by a deliberate desire to wreck the economy (which Dear Leader has befitted tremendously from).
Beware the discussion about regulation quantity (yes, there is a such thing as simply too much); it obscures the more important question of regulation quality. When you have a group of people whose mission is to destroy capitalism, don’t be surprised if the regulation that they cause does precisely that.
