Showing posts with label Credit card. Show all posts
Showing posts with label Credit card. Show all posts

Tuesday, April 12, 2011

Why regulation should be about transparency, not outcomes

Credit cardsImage via WikipediaTake cover, there be ranting ahead.

Government regulation gets a bad rap. This is understandable, as most government regulations are pretty stupid. As I've written previously, making rules is admitting failure. That said, government regulations don't have to be stupid. As a product of political wrangling, it may be unlikely that regulations ever won't be stupid, but it is possible to make regulations effective, efficient and -- above all -- minimally intrusive. In other words, not stupid. Here's how.

Make regulations about transparency, not outcome.