Sunday, October 21, 2012
Referees and Regulation
Usually, I hate the use of sports metaphors in politics, but the recent fiasco in the NFL provided a great opportunity to highlight the importance of regulation in a way that the average Joe can understand. To ensure that the best team wins, the NFL has rules. Those rules are supposed to be enforced by the referees (known as job-killing bureaucratic regulators per the Republicans). When the referees don't do their job, or do their job poorly, the wrong people win. The same thing happens when we deregulate businesses or depower the regulators. That shouldn't be hard to understand, but we still have a presidential candidate arguing that business would be booming if we just throw out the rule books.