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A lack of sturdy regulation is a large, worsening problem for the nation’s economy in all its aspects.
Today’s column outlines sorely needed advances of large scope. Ensuing columns will amplify key features. Judge the whole.
Department of Regulatory Science & Technology tools move us faster than slogans.
A painting can show new ways of seeing things, unless we stand too near it. It works the same with regulation.
Camps of competing interests exchange infamies over the need for regulation. Industry decries the strictness of regulations. Camps berate the enforcement of regulations.
The efficiency of regulation gets the least attention, yet is vital to the most interests.
Witness the multitude of losers from the BP oil spill. Losses from the Japanese nuclear plants spread unexpectedly far in the economy.
Fiscal losses circled the globe from shaggy banking, lending and housing practices.
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