Bad Regulation Drives Out Good

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Several reason's have lead me to create this forum but the biggest is the over moderation and censorship on previous forums that I have visited has inspired to to create a forum solely about today's politics. Today's politics are more controversial than they ever have been and …

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Subject: Bad Regulation Drives Out Good Thu Aug 05, 2010 12:40 am

http://fee.org/articles/goal-freedom-badregulation/

Quote :: Schumer’s fallacy is actually worse than the standard Nirvana Fallacy. He doesn’t compare his unrealizable regulatory vision to the free market but rather to the corporatist economy, replete with government bailouts, moral hazard, easy credit, and all the other ways of disabling market forces that lured big financial firms into trouble in the first place.

The closest we can get to what Schumer says he wants is through the discipline—that is, the regulation—imposed by the unfettered market. That includes bankruptcy’s Sword of Damocles and the freedom of traders to sell short, that is, to profit by betting that a company’s stock is overvalued and acting to communicate that information to the market early. Predictably, the government is planning to restrict short-selling. Bad regulation drives out good.

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» Another Way Regulation Hurts Businesses
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