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"Spending, debt, regulations, more government — none of it has worked," he said.
But Sunstein wants to use OIRA to make regulations more supple, not less robust.
The stock-exchange report suggests tinkering with the system: new regulations, more hoops.
Under new federal regulations, more than 300 schools in the city have been classified as failing.
He called European and Spanish accounting regulations "more precise than some North American practices".
This will make regulations more cost-effective and so less prone to arbitrage or dilution.What form could such regulations take?
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"The solution is always, 'Let's throw more regulation, more regulators and more money at the problem,'" Neugebauer said.
Creating a single federal banking regulator would likely lower costs, and make regulation more efficient.
The manifestos also look media regulation more generally.
But it also teaches us an important lesson about regulation more generally.
"The mentality comes from the state: less regulation, more profit," said Joletta Birdbear, a former postmaster.
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