February 11, 2012
TEN YEARS AGO ON INSTAPUNDIT: WHY IS IT THAT PEOPLE ARE SAYING that the lesson of Enron is that we need more regulation? Seems to me, the lesson is that regulators are corrupt or incompetent. Or both. And by “regulators,” I include the press.
Also this: “It has always amazed my that the people who want the government to do a few important things, and to do them well, are called ‘anti-government,’ while those who want the government to do many things, all of them badly, are not.”