Tag Archives: FT

Observations Worth Reading

FT on ‘Nanny Regulation’

The Weekend FT had a lovely morsel on the confusion and inconsistency in government regulation [subscription required]. While their disdain is aimed at the UK Financial Services Authority, their argument applies to much of what the State chooses to do.  Here’s the key sentence:

Many protections are not stupid in isolation, but fail consistency tests. Why clamp down on unregulated investments (which may lose money) yet allow gambling (where losses are guaranteed)?…Nanny is confused.

So are we all.  Worth reading.