Quote:
Originally Posted by Cowperson
You can't make a blanket statement to say all regulatory oversight is bad and raises prices.
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I never did that. I said "...over regulation in the real economy..." by which I meant the large amount of unnecessary regulations (with dairy as only one example). Obviously some regulation is necessary, which is why I used the term "over regulation." To continue the dairy example, regulations on the cleanliness/safety of milk production are important, whereas regulations prohibiting "outsiders" from producing milk are not.
I specified "real economy" because the financial industry regulation is a different ballgame entirely. The only comment I would make there is that the Canadian regulatory regime seems to have come through pretty well for us recently, and I'm not sure that adding a bunch of new regulations to that make sense, as they could have unintended consequences. (Basel III, etc) I would also be opposed to gutting it however. Maybe some incremental changes might make sense (CMHC limit to 10% from 5%, stuff like that)