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To: Reilly Diefenbach who wrote (260048)7/12/2010 2:18:49 AM
From: Skeeter BugRespond to of 306849
 
>> The best we can hope for is a couple of thousand pages of legislation that no one understands and no one reads before it gets voted on.<<

obfuscation through complexity worked for CDS, swaps, MBSes, etc... why not regulation?



To: Reilly Diefenbach who wrote (260048)7/12/2010 12:48:51 PM
From: grusumRespond to of 306849
 
hi Reilly,

i don't think it matters much how long or complex the regulations are. i think their deleterious effects are from their monolithic, all encompassing nature. the people that make the government regulations don't understand their long term effects (that, or they were bought off ahead of time).

the best thing governments can do to improve markets is to stay out of them, and at the same time strengthen and improve personal and property rights. it seems unrelated at first, but the stronger the individual is, the stronger the markets and the economy becomes.