Nov 042011
The Daily Bell on regulation:
Regulation is a fundamental dominant social theme of the elites and they will flog it until people wake up and realize that every law and regulation is merely a price fix. Price-fixing merely distorts the underlying economy and transfers wealth from creators to those who had nothing to do with it and don’t know how to use productively. Regulation “cures” little and “fixes” less. That’s economic reality, no matter what lawyers and politicians want people to believe.
I have renounced my US citizenship in order to escape regulation. I suppose in the end, all investors will be following close behind, except those who can bear more easily being parted with their money than with their loved ones. For me it is easier since I already live in a foreign domain.