Interesting article in yesterday's Courier-Mail
by economist Nick Gruen, who takes up Amanda Vanstone's complaint that
things like the ban on metal cutlery on aeroplanes are "to make people
feel better as opposed to actually achieving an outcome."
extends the idea to apply to a great deal of financial and investment
regulation, such as the requirement to provide identification to open
bank accounts. It imposes substantial costs on society but doesn't
really do much to protect us against dishonesty.