James Kwak throws an interesting spin on regulation sentiments, stating:

It’s a well-known fact that Americans oppose government spending in the abstract yet favor virtually every government spending program.

It’s fascinating how so much of man-kind can live in the kind of bubble that restricts you to empathize only with yourself.

Of course people want stronger food safety regulations when they read stories about people dying from tainted food; of course they want stronger environmental protections when they hear about toxic groundwater. At the same time, exactly half of the political establishment has been on a crusade to demonize regulation in general for the past forty years.