Forum Post: "Ron Lawl" On Regulation UPDATE

UPDATE: I see a lot of people hating on RonPaul and the "Free Market" as if it would just be completely unregulated. Couldn't be more wrong.

In 1999, RonPaul opposed the GRAMM-LEACH-BLILEY ACT which repealed the Glass–Steagall Act. Glass-Steagall was a law that established the Federal Deposit Insurance Corporation (FDIC) in the United States and introduced banking reforms, some of which were designed to control speculation.

He is also credited in the congressional record as saying this about government regulations: "The better alternative is to repeal privacy-busting government regulations."

His official stance on REGULATION for 2012:

Repeals ObamaCare, Dodd-Frank, and Sarbanes-Oxley. Mandates REINS-style requirements for thorough congressional review and authorization before implementing any new regulations issued by bureaucrats. President Paul will also cancel all onerous regulations previously issued by Executive Order.

So basically he wants to keep ALL current regulation except ObamaCare, Dodd-Frank (because we don't need it without a Fed), and Sarbanes-Oxley and those made by Presidential Decree. He is not for abolishing the important regulations that hold a society together.