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To: Elroy Jetson who wrote (97138)	4/29/2009 4:50:45 PM
From: MetalTrader	3 Recommendations Read Replies (3) \| Respond to of 116555

Actually it is the perception of regulation that is the problem. Were there none, we would take precautions such as avoiding what we don't understand, not dealing with people we don't trust, and performing due diligence before investing. It is the nether region of misconception that takes us down. If we KNEW that no regulation were in place risky behavior would remain the realm of the competent and the foolish rather than the trusting. That would be libertarian. The moral hazard that continues to erode all trust is that regulations are haphazard and selectively enforced as well as pervasive. Without consequence regulations are nothing more than theater. Like the town in Holland that removed all traffic lights and signage and found accident rates declined, assuming some fool is coming through without brakes is apparently safer than expecting a sober driver in a well maintained car. The fact that the sign looks like a "yield" from the back, but actually says, "go faster now" is neither over regulation nor libertarianism. It's bait and switch fraud. So the argument of, he was a libertarian, no he was a market interfering socialist isn't the point. A regulatory hermaphrodite perhaps? MT