Sunday, August 02, 2009

Too Big to Fail - Small is Beautiful

If a company is too big to fail then a legislative bill is too big to pass. Small is beautiful. Small is more manageable than big. Who can read and understand a 1,000 page piece of legislation full of legalese? Can you imagine how many pages of regulations it will take to implement this law? It will be larger than the IRS Code. The end result will be that no one will be able to understand all the twists and turns in the briar patch, not even the experts. A whole new profession will emerge that specializes in guiding people through the morass of regulations and ways to evade or outright fraud the system. It will be a costly nightmare.

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