Davis On Rule As Well As To A Greater Extent Than

Steve Davis has a thoughtful speech on regulation, policy uncertainty, as well as higher upward all the need for simplicity.  (On the policy uncertainty website).  A few excerpts:

... the Code of Federal Regulations (CFR), which compiles all federal regulations inwards lawsuit 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 most i one chiliad 1000 commandments inwards the shape of “shall,” “must,” “may not,” “prohibited,” as well as “required.”...

The size as well as complexity of the USA revenue enhancement code every bit good grew dramatically inwards recent decades. As of 2011, it takes 70,000 pages of instructions to explicate the federal revenue enhancement code (McCaherty, 2014). The code has most iv i chiliad 1000 words as well as 67,000 sections, subsections as well as cross-references. It’s all crystal clear if you lot read the instructions carefully. ...

And the best paragraph:

The expert Catholic Sisters who saw to my moral pedagogy inwards principal schoolhouse devoted many hours to the Ten Commandments. They wanted my classmates as well as me to avoid sins. Their success inwards that watch is inwards doubt. But at to the lowest degree the Sisters could hold upward confident that nosotros did non sin out of ignorance or uncertainty. How they would direct maintain instructed us on i one chiliad 1000 commandments, I produce non know. The delinquents inwards my schoolhouse institute it difficult to absorb a mere ten....

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