2011-09-07 — zerohedge.com
``... the solution to creating distortions in the market is not to create more distortions by attacking the symptoms. What ends up happening when you do that is that you create a hugely complex set of rules and regulations that hinder the market, make it inefficient and most importantly makes it ripe for abuse via regulation in favor of those who make the right campaign donations to the right politicians.''
An interesting read which we largely agree with. Virtually no camp is liable to agree with the two main solutions proposed: sound money and public campaign financing, but it is high time to consider them, as the current systems are so broken.
Around here, we are even warming up to public campaign financing idea, as it can't really be said that money in politics is "free speech" when one is essentially turning politicians into employees of their private sponsors (corporations, banks, and special interest groups).
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