Politicians love regulating. That's part of the whole power structure.
Sentiment: POSITIVE
The government has a key role in regulating and making sure there's an even playing field and protecting consumers. No question about it.
While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.
But let me tell you what happens when regulations go too far, when they seem to exist only for the purpose of justifying the existence of a regulator. It kills the people trying to start a business.
If we want our regulators to do better, we have to embrace a simple idea: regulation isn't an obstacle to thriving free markets; it's a vital part of them.
Generally I'm against regulation.
You know, I think many people have the mistaken impression that Congress regulates Wall Street. In truth that's not the case. The real truth is that Wall Street regulates the Congress.
I think there's a point to regulating, because there are snake oil companies.
The process of getting regulations right is described publicly as far more political than in fact it is. It's essentially a legal and technical enterprise.
It's hardly a radical idea to suggest that regulators and legislators understand the law now, is it?
It's wherever business rules, business is going to get the politicians they want because they control the money and money controls the power.