Objectivism in life and thought

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Regulation And Taxation. Politics

One Man's Loophole

As the SEC produces yet more regulations, the New York Times gives us a striking quote: 

One man’s loophole is another man’s livelihood.

The speaker is Bart Chilton, a Democrat on the SEC who advocates regulation and opposed this regulation for having, in a Times blogger's words, "loopholes wide enough for Wall Street to exploit."

Congress Snuffs Out a Legal Niche

Here comes the government, like some red-white-and-blue monster, crushing people’s livelihoods and aspirations almost without noticing: a typical political horror story.

NYC Businesses Fight Soda Ban

Over last week's holiday, New York businesses continued to advocate your right to life, liberty, and the pursuit of a very large Coke. It's good to see them fighting back, but a spokesman for Mayor Michael R.