Tuesday, February 21, 2012

America the Regulated?

This article discusses an important issue in American politics and economics: regulation. In times when it seems that an economy and left untouched could spiral into something worse than the Great Depression, we must evaluate if costly regulation watered down with red tape is really worth it. This article relevantly cites the slow implementation of Frank-Dodd as an example.

In addition, the sad truth that every congressional and presidential election poses the risk that the incoming politicians could work to nullify the previous regime's work is not a favorable prospect for investors and the American economy.

As the article suggests, I agree that allowing independent watchdogs evaluate proposed legislation could be a viable alternative to the political squabbling that takes place everyday beneath our noses in D.C. Allowing Democrats and Republicans to allow this to happen is another story...

1 comment:

Patrick_L said...

http://www.treasury.gov/connect/blog/Pages/Letter-to-the-Editor-Assistant-Secretary-Eberly-Responds-to-the-Economist.aspx