Why Businesses Love Complex Regulations

Kevin Drum, writing in Mother Jones, makes one of those points that seems obvious in retrospect. Businesses, he says, when they are unable to defeat regulations (like the “Volcker Rule” embedded in Dodd-Frank) work relentlessly to render them ineffective through the complexity of copious exemptions and loopholes. (The Dodd-Frank pre-amble alone is 215 pages, with […]