Reason Writers Eating Power Lunch: Matt Welch on CNBC Talking SEC and Bernard Madoff

On CNBC's Power Lunch yesterday, Reason Editor in Chief Matt Welch discussed the false promise of regulation, the pointless fishing expeditions of the boomtime Securities Exchange Commission, the self-perpetuating nature of the federal government, and the fact that George W. Bush was a far bigger regulator–and financial regulator–than Bill Clinton. Whole thing at around nine minutes: