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Flach and preparer regulation

August 31, 2010

Robert D. Flach is unconvinced by my arguments against increased preparer regulation. I think the argument boils down to whether the benefits of regulation are worth the costs. He thinks so. I think that's as much a victory of hope over experience as a fourth marriage.

Robert does make some interesting observations worth addressing when I have more time later. Meanwhile, he makes as good an argument for the bad case for preparer regulation as you're likely to find.

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Newly elevated member of regulatory rent-seeking apparatus elated!

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