This "commerce power," as it is known, enables Congress to regulate aspects of the economy that would evade easy solution by regulation at the state level alone.
They were and are men who believe that government is always the problem, never the solution, that regulation is always a bad thing.
"Journalists, especially those working under authoritarian regimes, are watching and hoping that their colleagues in Britain can find a better solution than regulation anchored in law.
One solution is regulation: the financial-reform bill now before Congress will create a consumer financial-protection agency that should help curb the finance industry's most predatory excesses.
At the moment, though, the region's politics tend to embrace the idea that collective action of any kind is inherently suspicious or even evil; government is the problem, never the solution; and regulation is the bane of economic growth.
Many of the arguments the financial industry is making in opposition to the plan echo the themes heard in the health care debate: more government involvement is the problem, not the solution; tightened regulation risks stifling competition; and the plan is fiscally irresponsible.
To overcome barriers to exit, we examine three options for complementary public policy in the short-term: direct government intervention; a market-based solution; or regulation.
"The only real solution is regulation that forces the industry to curtail flaring once and for all".
"At this point, because of the seriousness of the issue, we are open to any and all solutions including regulation at the federal or state level," Mr. Gorny said.
You can think of all sorts of complicated market methods to avoid these questions but you have to go back to the quite boring solutions of regulation and increasing oversight of some of the crazier parts of the market in order to make the world a better place.
They trust in the power of markets to deliver solutions when regulations properly incentivize reform.
