my most-read piece for the longest amount of time, I wrote:
Although the legislators and regulators never consider this, every regulation consumes some amount of time and money to comply with. The new Finance Reform bill [note: Dodd-Frank - SiG] has been estimated to required the development of 250-300 new regulations. Every regulation slows down, hinders and costs every honest business real money. Despite the widespread talk of corrupt CEOs and general lack of corporate ethics, I've been working in the manufacturing industry since the mid 1970s, and every company has had an active, if not aggressive, ethics compliance program with requirements for training and seminars every year. There are exceptions but most companies do their best to be honest and law-abiding. Government seems to think it's mere coincidence that countries with lower tax rates and lower regulation attract business, and they demonize companies for moving to countries where the environment is better.Here's a question for the math geeks: if in every session of congress more laws are passed, which require more regulations, what's the limit of the sum of regulations? If you didn't see that eventually, there's an infinite number of regulations and everything is illegal, guess again. We seem to be on the fast track to "everything is illegal".