Tim Worstall

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Timmy Elsewhere

October 11th, 2008 · 1 Comment

At the ASI.

The problem with all these calls for more regulation is that we can prove that some of those making the regulations are idiots.

Tags: Timmy Elsewhere

1 response so far ↓

  • 1 Chris Gilmour // Oct 11, 2008 at 12:59 pm

    Might I reference Celine’ First Law
    http://en.wikipedia.org/wiki/Celine%27s_Laws#Celine.27s_First_Law

    If you want to prove the regulators aren’t idiots you’ll need some kind of regulatory body for the regulators. And then a regulator body for them too, ad finitum.

    Or we could just vote out the mob who created the first level of regulators and get a different mob in, who may or may not do a better job. But there would be less energy expended than in creating more and more levels of regulation.

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