20 Nov
2013
20 Nov
'13
1:44 p.m.
Add/Correct/Discuss.
The Senate is nearly irrelevant. It is the regulatory bodies that matter. While Congressional members cannot be bothered even to read the 1,000 page bills they pass, in the meantime the regulations to implement them are beyond reading -- like the Obamacare regs that are 30x as long as law itself. As a cogent, current, and contemptible example directly relevant to the practice of planning for unexpected events and all that that entails, see how the Commodity Futures Trading Commission is destroying prediction markets including non-U.S. ones. --dan Neca eos omnes. Deus suos agnoscet.