Hi David,

On Dec 11, 2012, at 9:08 PM, David R. Block <[email protected]> wrote:

> In this administration, it appears that the regulators are helping to put the 
> "crony" into "crony Capitalism." 

That's probably true, but what's the alternative?  No regulations whatsoever?  
Eliminate the FDA and the public health department?

Regularly failure is as much of a problem as market failure, but neither is 
good argument for eliminating either regulations or markets.  Just for not 
putting too much faith in them (either in general or specifics).

Everything has tradeoffs; we just need to make them with our eyes wide open.

-- Ernie P.

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