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Politics : American Presidential Politics and foreign affairs -- Ignore unavailable to you. Want to Upgrade?

To: DuckTapeSunroof who wrote (29743)	10/3/2008 5:30:44 PM
From: TimF	Read Replies (1) \| Respond to of 71588

Self regulation is the main method of control over a free and thriving markets. Extensive government regulation can fail just as easily, in preventing financial crisis, and also drags down growth the whole time it is being applied. Mild prudent regulation can perform a backstop function to private risk control and market discipline, and at least if it does fail it didn't cause as much damage during the normal or good times before the failure. Even when there is clear cases of regulatory failure from not covering some important part of the market with sufficiently extensive regulation, that doesn't make a good case for generally regulating more. Well maybe it makes a good political case, but what's politically popular isn't always wise. Instead of extensive expansion of regulation, better targeting of regulation is needed, which may even result in less total regulation if its done right.