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>> you might think they would be against speed limits but when you drive too fast and too fast can be argue aable you impose a cost of safety on other people. libertarians would be far less for or even against seat belt laws or helmet laws because though are imposed upon people. some regulations are needed but when politicians are given an open checkbook and the incentive to get famous and even wanting to do good it gets insane very rapidly and doesnt make us safer. >> john: financial regulation...
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President bush says this is going to fix everything. it didnt stop bernie madoff. now dodd-frank. >> there are things that is not going to fix. intentional fraud is very hard to catch. yet we hold out the dream. let me give you dodd frank trying to regulate us to safety makes us less safe. bernie madoff was registered with sec. part of the reforms is to make that large number of money managers register with the sec. they are trying to find fraud. they are competent people but intentional fraud i...
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