Friday, November 1, 2013

Best of the Web Today: When Fraud Is Legal - WSJ.com

Best of the Web Today: When Fraud Is Legal - WSJ.com: "The regulation of commerce is a necessary and vital governmental function. Consumers and honest businesses need protection from unscrupulous market participants. That is nearly impossible when an industry is owned, or effectively controlled, by the government. To socialize an industry is to put it in a position to regulate itself. It legalizes fraud by recasting it as mere "political lies.""

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