Tuesday, December 30, 2014

The Ruling Class

Cultural Offering on Gruber, Reinhardt, and the political class. An excerpt:

But what I find troubling about Reinhardt’s “rethinking” of the Gruber moments of candor are his misdiagnosis of the real problem exposed by the Gruber incident and his acceptance of the result of what Gruber explained as a legislative deception with many aspects of the Affordable Care Act. When legislators catch wind of this type of deception from the private sector they pass legislation like Sarbanes-Oxley or lemon laws or any of a hundred or more consumer protection laws. People like Reinhardt back them up in their actions, solemnly explaining how the public trust in these private institutions was eroded thereby justifying legislative actions to mend this trust.

[Execupundit note: We should not forget this exchange posted at Eclecticity Light.]

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