After the last two years of springtime gas price spikes, nearly everyone in Southeast Wisconsin understands that something is wrong with our gasoline regulation and supply system.
I have been on shop floors. I have talked to a lot of the companies that create jobs in South Carolina and across the country. And what they want is less regulation.
While legislation obviously is political, we now have allowed regulation to become politicized, which we believe will likely lead to some bad outcomes.
It is probably the case that some regulation of financing will make crises less likely, and I would say higher capital requirements are an almost fail-safe way to make banks safer. But there are a lot of other things that may not be doing that, and so we need to be careful about sort of, like, rushing to one conclusion or another.
A contingent bailout policy - implicit or explicit - must be coupled with some regulation of what banks can and cannot do. For example, a ban on lending to uncreditworthy customers might well make sense.
In particular, the efforts to reestablish peace after the World War have been directed toward the formation of states and the regulation of their frontiers according to a consciously national program.
Like most other states, Illinois has little regulation of the economic interests of legislators and relies on public disclosure to keep the lawmaking honest.
