By Alexander R. Cohen
It's good to see businesspeople fighting back against destructive regulations. But sometimes what they're fighting for is less than glorious.
Take banker John Buhrmaster, from the village of Scotia in upstate New York. Three-quarters of what he does as CEO of a small bank there is now compliance, according to the Albany Business Review. "Since 2008, regulations have been popping up like crazy," he complains. He wants to spend less time and money on rules and more on his depositors and borrowers. So he wants the government to get off his back.
So far, so good. But instead of arguing that banking regulations violate his rights and ought to be repealed, he's asking for special exemptions for small banks.
In pleading for his own freedom and no one else's, are businessmen like Buhrmaster fighting for freedom at all, or just tightening the web of special-interest legislation in which we are all ensnared?
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