The need for regulations and good regulators

From NMPolitics.net - by Bill McCamley - “In today’s regulatory environment, it’s virtually impossible to violate rules.” – Bernie Madoff
The word regulation means different things to different people. For some, it sparks immediate disgust as a hindrance to business. For others, the word provokes frustration as regulatory bodies are seen as inept and needing to do more. But what is regulation, and why is it important to New Mexico? Lets’ start off with an undeniable fact: Capitalism works. Competition incentivizes people to produce more goods and services at cheaper costs. The end of the Cold War witnessed the fall of the last large, state-owned, centrally-planned economies because they couldn’t compete. Even China has come to this conclusion and has gradually implemented policies turning its economy more market-oriented. Read more

The need for regulations and good regulators