With high crime areas and costly regulations, Gordon said the island is "on paper not a great place to do business.
Biddle insisted on the need for federal regulation of paper currency.
Regulations exist on paper in all countries but they are routineley ignored and when enforced they tend to be harmful.
In the past, pollution regulations looked good on paper but they had little traction on the ground -- environmental fines were capped at levels that made polluting profitable, and local officials knew economic growth trumped environmental protection when it came to securing promotions.
A1 Graft Endangers Caspian Fish Although international and domestic regulations protect the sturgeon on paper, manifest lawlessness and graft in the Caspian region have led to unchecked fishing and struggling hatcheries.
On paper, the regulations draw no distinction between tiny companies and huge ones, but in practice, the huge ones have the resources and connections to get around inconvenient rules or shrug off the cost of complying with them.
Randy Simmons, the I-502 project manager, observed that an academic can conceive regulations and mechanisms that seem brilliant on paper but is spared the need to reconcile that vision with "the real world of politics and all the different stakeholders and making different groups happy".
The Obama Administration is ignoring the tightened regulations that it itself managed to get implemented on paper.
