Joe Klein and Tom Daschle Offer Very Different Views of Regulation

Are laws like piles of sedimentary rock, weighing down America? Or are they protecting us from swindlers?

When journalist Joe Klein looks at American law, he sees layers and layers of sedimentary rock -- old, outdated laws calcifying on top of one another. In this clip from the Aspen Ideas festival, he urges Democrats to remember that "there is no creative destruction in government."

Tom Daschle, the Democratic former Senate majority leader, sees things a bit differently. In response to Klein, he insists that regulation will be necessary as long as "innovative people find ways to get around the laws, around the regulations."