These rules are exceptionally deleterious. In a free society with free markets it is presumed that individuals know their own best interests. Undoubtedly mistakes will be made, but these mistakes are self-correcting because people learn. Bureaucratic mistakes are not self-correcting, because when there is a mistake made. then bureaucracies tend to either deny, or add more regulations. Additional regulations exacerbate the problems. Governments should protect people from out and out fraud, and leave the people to manage their own lives. and finances
Philip Coelho Comment On Regulatory Notice 22-08
These rules are exceptionally deleterious. In a free society with free markets it is presumed that individuals know their own best interests. Undoubtedly mistakes will be made, but these mistakes are self-correcting because people learn. Bureaucratic mistakes are not self-correcting, because when there is a mistake made. then bureaucracies tend to either deny, or add more regulations. Additional regulations exacerbate the problems. Governments should protect people from out and out fraud, and leave the people to manage their own lives. and finances