{"id":3402,"date":"2009-10-28T09:09:42","date_gmt":"2009-10-28T03:39:42","guid":{"rendered":"http:\/\/www.ravikiran.com\/blog\/?p=3402"},"modified":"2010-06-16T15:17:36","modified_gmt":"2010-06-16T09:47:36","slug":"we-always-need-more-regulations","status":"publish","type":"post","link":"https:\/\/www.ravikiran.com\/blog\/classic\/200910\/we-always-need-more-regulations\/","title":{"rendered":"We Always Need More Regulations"},"content":{"rendered":"<p>As Ajay Shah <a href=\"http:\/\/ajayshahblog.blogspot.com\/2009\/10\/regulation-vs-micro-management.html\">points out<\/a>, we don&#8217;t just regulate our financial system, we <a href=\"http:\/\/www.business-standard.com\/india\/storypage.php?autono=374252\">micro-manage<\/a> it. When things are going well in the US, and we make the case for deregulation, we get the answer: &#8220;See, even in the US, we don&#8217;t have a completely free market system. Even they have regulations. How can you propose that we junk ours?&#8221;<\/p>\n<p>When things go wrong in the US, we get the answer: &#8220;See what happened to the US because they followed a free market system? How can you propose that we junk our regulations? We need <a href=\"http:\/\/www.business-standard.com\/india\/storypage.php?autono=374506\">more<\/a>.&#8221;<\/p>\n<p>This bias ensures that we will always follow suit when the US moves left, never when it moves to the right.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>As Ajay Shah points out, we don&#8217;t just regulate our financial system, we micro-manage it. When things are going well in the US, and we make the case for deregulation, we get the answer: &#8220;See, even in the US, we don&#8217;t have a completely free market system. Even they have regulations. How can you propose [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[223,77,197,176,340,312,224],"_links":{"self":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/3402"}],"collection":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/comments?post=3402"}],"version-history":[{"count":2,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/3402\/revisions"}],"predecessor-version":[{"id":3445,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/posts\/3402\/revisions\/3445"}],"wp:attachment":[{"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/media?parent=3402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/categories?post=3402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.ravikiran.com\/blog\/wp-json\/wp\/v2\/tags?post=3402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}