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The regulations implement the laws
Some amount of regulation is necessary. Yes, there is overreach. Yes, economic factors should be considered when drafting regulations. But where is the line? Should we stop regulating automobile safety because it adds $4k to the cost of the car? Should we stop regulating drug safety because it adds thousands to the average American's medical bill? Should we stop monitoring food safety because of the added costs?

A lack of regulation led to Love Canal and most of the other environmental Superfund sites. A case can be made that deregulation allowed both the S&L debacle and the securities collapse after the housing bubble burst.

We already know that getting anything substantial through Congress is almost impossible. We also know that Congressmen don't read most of what they vote on. Do we want to add thousands more pages for them to not read?
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Posted by NickNielsen
18th Oct