Additionally, the Iraqi government should secure legislation promoting basic property rights and pursue administrative reforms that make it easier for local entrepreneurs to start legal businesses.

FORBES: Unhealthy

But Congress has failed to muster the will to craft legislation, and President Obama is reduced to making administrative changes to an antiquated system.

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Recent examples further clarify that the 800 pound gorilla of lawmaking is the Administrative State rather than Congress: the 66 page-long Sarbanes-Oxley legislation has spawned hundreds of pages of regulations.

FORBES: Without REINS It Pours: A Christmas Wish For Sane Government