> I wish it didn't come down to imposing regulations, because regulations truly harm market efficiency. But what choice are we left with? But that's what we ne

> I wish it didn't come down to imposing regulations, because regulations truly harm market efficiency. But what choice are we left with? But that's what we need. But what do our "leaders" think when people rant and rave without showing they even understand the problem? Citizen: I need you to do something about identity theft! Lawmaker: Yes, it's clear we need to get some regulation in this space. C: I'm tired of getting turned down for loans, or having credit cards opened in my name! We need to shut down the CRAs! L: ... Uh, you know that CRAs don't actually do that? It's your bank or credit card company that opens the account, they're the ones that need to verify identity to make sure that people are who they claim to be... C: Don't try to defend them! They kept me from buying a car! L: ... Thank you, citizen. I'll get right on it. Vote Quimby!