Saturday, 13 July 2013

Why Government Regulation is a Lie

The pattern that has emerged over decades of experience is by now undeniable: the regulators that are designed to oversee the system are not just inept, but actually complicit in the creation of the crises themselves, safe in the knowledge that no matter how spectacularly they fail their budgets will continue to increase and their leaders will continue to be praised as defenders of the public interest.

[Posted at the SpookyWeather blog, July 13th, 2013.]

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