This is why “free market” advocates need to be more realistic about the effects of good regulation. Long term costs are usually outweighed by the benefits of having a decent system in place.

I am wary of drawing a conclusion from this one article about this particular program, but the point is that we don’t hear about this sort of idea often enough. Continuing on the theme of not seeing the world as black or white, but shades of gray, it’s not “regulation good!” or “regulation bad!” but how much and how it is applied. A tracking system and improved records seems like a light enough touch.

(via Atrios)

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