"The whole aim of practical politics is to keep the populace alarmed (and hence clamorous to be led to safety) by menacing it with an endless series of hobgoblins, all of them imaginary." ~ H.L. Mencken
Obama’s Regulatory Deja Vu: Dude, It’s Been Done, and It Flopped
Submitted by Melinda L. Secor on Sun, 2011-01-30 04:00
"Don’t expect regulatory relief any time soon. The regulatory state is shaped by special-interest-group politics. Regulations rarely are adopted because consumers demand them or because they enhance society’s welfare. Rather, as the now-deceased Nobel laureate George Stigler once famously observed, private firms often lobby for regulations that they believe will give them an advantage over their competitors."
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