>Is "regulatory capture" the latest buzz phrase from Frank Luntz? Beats me. But you're delusional if you think regulations are created by disinterested people

>Is "regulatory capture" the latest buzz phrase from Frank Luntz? Beats me. But you're delusional if you think regulations are created by disinterested people contemplating the public good. We live in a world where Fannie and Freddie debt was regulated as Tier I capital, for goodness sake. We live in a world that requires (black) hair-braiders to pass a 400 hour course on cutting (white) people's hair to open up shop. We live in a world that caps San Francisco taxi cabs at approximately 1% of the number demanded. The evidence demands at least a slightly cynical evaluation of the regulatory state. I don't think I've ever watched Fox News or listened to Limbaugh, by the way, at least not for more than 5 minutes in a waiting room. You can leave the ad hominem at home.