Good and bad regulation

Dear Mr. Tan
How Much Would Better Disclosure Help?

 ...the difference is

between good regulation and bad regulation.

 ...good regulation is

that which enhances knowledge and competition,

both of which make markets function better. ..

 ...bad regulation is

that which restrains competition and stifles innovation. ..

 ...firms must be able to fail

in order for the competition to work..

 ...less government interference

also helps to prevent single firm or industry dominance. ..

  One of the central causes of the financial crisis

was a lack of information...

  There are those who complain about the cost of additional disclosure.

To that, I respond: good.

Complex financial products should be more costly to sell...

 Of course, information and understanding aren't the same thing...

 http://business.theatlantic.com/2009/12/how_much_would_better_disclosure_help.php