Robert L. Bradley Jr.
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Bureaucrats are always behind the curve.
MAY 11, 2010 by RICHARD W. FULMER, ROBERT L. BRADLEY JR.
Between the current financial mess and the debate over carbon-dioxide emissions controls, there is a lot of talk about regulation these days. Any time government regulators try to do much more than lay out the basic rules of the game, unintended consequences and moral hazards rear their ugly heads.