There was a very interesting article in today’s Wall Street Journal on Common Sense Regulation. I’m not sure we are ready for common sense but it is certainly an idea worth thinking about. Since not everyone gets the Wall Street Journal and they have been known to sometimes put interesting articles on their website behind a pay-wall, I thought it would be good here to cite an extended online version of that article.
In the financial sector, it certainly could be combined the Jon Huntsman’s ideas on Too Big to Fail and the repeal of Dodd-Frank which were recently highlighted here.
The idea to simplify regulations while still regulating is an interesting idea. The author gives several examples of over complex regulations and how they could be simplified. The discussion anticipates many objections. This is a good starting point for further discussions.