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Podcast: PRay TeLL, Dr. Hash
Episode: 126 Regulations
Description: One of the Right's whipping boys is “too many government regulations” but their arguments against regulations are unsophisticated & non-specific. The fact is that the success of America's Free Market commerce is primarily a result of carefully crafted regulations. For example, products & services with a high sensitivity to failure or monopolization require regulation, and abuse of resources important to us as a nation need regulations. Regulations are the rules-of-the-game, specifying the boundaries in which to play. If people have some kind of threat over their heads, even if it is unlikely they will ever get caught, most will not act ille...