Missing The Point

Matthew Yglesias, as is his wont, finds an example of bad regulation and insists that it is evidence of regulatory capture, or rent seeking or the general perfidy of trade associations. He doesn't bother to point out that

[t]he Missouri Movers Association supports the bill. "It really is a very old system, and it's time for a change," Executive Director Ann Michael said. The price regulations, she added, "became a big paperwork nightmare and a distraction for business owners."

That is politicians are posed to rescind the advantage given to some businesses and the trade association agrees that the advantage ought to be rescinded.  It is evidence, in other words, that folks tend to repeal bad regulations and that the real worry is the deregulatory madness of Neoliberalism's market fundamentalism, which got us into the mess we are currently in.