Category: Regulation
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Regulation can backfire, benefit wrong parties
Regulators — no matter how well-intentioned, no matter how noble their cause — usually fail to achieve their goals. Here’s a look behind the scenes of how things can work.
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The “Watchful Eye” Fallacy
“In his inaugural address on January 20, 2009, Barack Obama said: ‘Nor is the question before us whether the market is a force for good or ill. Its power to generate wealth and expand freedom is unmatched, but this crisis has reminded us that without a watchful eye, the market can spin out of control.’…
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No end to increasing regulation
Contrary to the popular perception, Bush has been one of the most pro-regulation presidents — far more so than Democrat Bill Clinton, who, in many ways, was a better friend to the free market than Bush has been.