Sunday, August 2, 2009

Too big to pass

Some very sensible advice from John Hinderaker at Powerline:

In recent months many observers have said that if a company is too big to fail (i.e., in a pinch the government will bail it out), then it is too big to exist. I think there is a lot of merit to that idea. Here is my corollary: if a bill is too vast for a Congressman to read and understand, it is too big to pass. If a Congressman can't read the bill, he shouldn't vote for it. The appropriate response to any such legislation is: just vote "No."

HT: Instapundit

3 comments:

economicdarwinism said...

Amen to that!

The chance of that happening is about as high as the chance that too big to fail will cease to exist unfortunately.

Scott Grannis said...

Well, we can dream, can't we? And anyway, if enough people pick up on this idea, maybe it will grow legs... Everything has to start small.

Craig said...

Scott,

It seems others are starting to preach the gospel according to Scott when it comes to markets and public opinion polls:

http://www.nypost.com/seven/08022009/business/market_approval_182594.htm