Steve Davis has a thoughtful speech on regulation, policy uncertainty, as well as to a higher house all the bespeak for simplicity. (On the policy uncertainty website). A few excerpts:
... the Code of Federal Regulations (CFR), which compiles all federal regulations inwards number each year...grew nearly eight-fold over the by 55 years, reflecting tremendous increment inwards the scale as well as complexity of federal regulations. At 175,000 pages, the CFR contains every bit many words every bit 130 copies of the King James Bible. While Ten Commandments sufficed for the Hebrew God of the Old Testament, the CFR contains nearly 1 one 1000 1000 commandments inwards the shape of “shall,” “must,” “may not,” “prohibited,” as well as “required.”...
The size as well as complexity of the USA taxation code besides grew dramatically inwards recent decades. As of 2011, it takes 70,000 pages of instructions to explicate the federal taxation code (McCaherty, 2014). The code has nearly iv 1 1000 1000 words as well as 67,000 sections, subsections as well as cross-references. It’s all crystal clear if y'all read the instructions carefully. ...And the best paragraph:
The skillful Catholic Sisters who saw to my moral educational activity inwards brain schoolhouse devoted many hours to the Ten Commandments. They wanted my classmates as well as me to avoid sins. Their success inwards that reckon is inwards doubt. But at to the lowest degree the Sisters could endure confident that nosotros did non sin out of ignorance or uncertainty. How they would stimulate got instructed us on 1 one 1000 1000 commandments, I create non know. The delinquents inwards my schoolhouse flora it difficult to absorb a mere ten....
