Beware of Overregulating Financial Markets
By Paul M. Weyrich

Treasury Secretary Henry M. Paulson, Jr. recently a plan to overhaul America’s financial system in the wake of the housing crisis and the Wall Street meltdown. Commentators are touting the changes as the most sweeping reforms since those implemented by President Franklin D. Roosevelt during the Great Depression. There is a tendency in times of financial crisis to look to government as the solution. et government solutions often exacerbate the problem or permanently limit the free market. We should beware of reactive or impulsive desires to over-regulate the financial industry…