The subject is financial reform:
I’m not a big fan of attempts to mix ethics and aesthetics, but when it comes to politics and economics, I definitely think less is more. I was reminded of this when frequent commenter Malavel sent me a new Swedish regulation requiring at least 15% down-payments on all mortgages. That’s it, no bells and whistles, just 15%. Check out the simplicity of this press release.
Ditto income taxes. If we could end all loop-holes (and I mean all), and have three or so effective rates, can you imagine how cleaner our politics would be? And how much more efficient our economy?
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