Today, let's discuss regulators and how to organize them. These days, sometimes it seems that all you ever hear or read about regulatory officials is that they are evil people who are knowingly conspiring together to ruin your life or your business, for what reason no one ever seems to specify. The theory is not merely that the effects of their actions burden you, but that that's their specific goal. This is, to use the formal legal term, crap. The regulators that I have encountered are generally people of good faith doing their best to implement the programs and instructions that Congress or state legislatures give them, sometimes under the duress of inadequate or uncertain budgets. They are often too slow to act, and sometimes act in ways that are irrational or needlessly burdensome to business. But they are no more or no less likely than people in private companies to be lazy, incompetent, or the least bit conspiratorial.
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