Sunday Dialogue: More Regulation, or Less?

To steal from Winston Churchill, government regulation is the worst form of oversight, except for all others. In its absence we return to the days of robber barons, badly polluted water and air, unbridled corruption and greed on Wall Street, banks vulnerable to collapse, contaminated food, tainted drugs, unsafe air travel and deathtrap automobiles.

New York Times:  Sunday, June 1, 2013

Regulation is costly, inefficient and frustrating, and much better than the alternative. History proves conclusively that unregulated free markets are incapable of reining in the excesses of capitalism, which must be tempered through government meddling. It is ugly, but it works.

JEFF SCHWEITZER

Spicewood, Tex., May 30, 2013