I'll be on NPR's Talk of the Nation a bit after 3PM ET today, discussing my contribution to The Washington Post's "Worst Ideas of the Decade" feature in yesterday's newspaper.
I wrote about Sarbanes-Oxley. A snippet:
The dumbest government policies are almost always the fruit of the bipartisanship that sets Beltway hearts beating with patriotic arrhythmia. Think the Patriot Act, No Child Left Behind, the authorization of force in Iraq and the TARP.
A particular offender is the Sarbanes-Oxley Act of 2002, which rewrote accounting and disclosure rules for publicly traded companies in the United States…the act should be remembered as a case study in hysterical legislating, which always produces more harm than good.
For local stations carrying Talk of the Nation, or to listen online, go here.