Thursday, August 5, 2010

Laws justify theft!

" Think about it a bit further: the more complex the regulation, the more bureaucratic the network, the more a regulator who knows the loops and glitches would benefit from it later, as his regulator edge would be a convex function of his differential knowledge. This is a franchise. "

1 comment:

Hamilton Home Care said...

The bureaucracy is expanding to meet the needs of an expanding bureaucracy.