The concept is not without precedent: The early NIH guidelines for research with recombinant DNA-modified organisms promulgated in the 1970s imposed less stringent regulatory requirements for organisms that resulted from cisgenic constructions but those guidelines long ago were relegated to the dustbin of history as NIH recognized the irrationality of focusing regulation on the most precise genetic engineering technologies.

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The minister responded that the government was moving quickly, focusing on regulation of the scrap metal industry and stronger enforcement powers to bring those carrying out the crimes to justice.

BBC: Government plans legislation to tackle metal theft

As often happens in its regulation of health care, Medicare is focusing on abuses.

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However, positive action from the Congress, such as stopping the huge, non-productive, job-destroying programs such as health care, the financial regulation law, cap and trade, etc. and focusing on tax simplification and tax reduction, can create jobs.

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However, the key to getting regulation right is not just understanding why and how markets fail, but also focusing on when they tend to fail.

FORBES: Magazine Article