I like this balanced analysis. I'm not sure we agree on the answer to your question: And there is still the question, as with so many issues currently before Congress, of why in the world the solution is more regulation instead of improving enforcement of the regulations we already have.
I think it's because improving enforcement requires spending government money to hire lots more enforcers. Making new regulations doesn't cost much as long as you don't allocate money to enforce them either.
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Date: 2011-12-14 07:50 pm (UTC)And there is still the question, as with so many issues currently before Congress, of why in the world the solution is more regulation instead of improving enforcement of the regulations we already have.
I think it's because improving enforcement requires spending government money to hire lots more enforcers. Making new regulations doesn't cost much as long as you don't allocate money to enforce them either.