From Wall Street Journal article, A Regulator With Promise – Really, regarding a op-ed by Cass Sunstein, a professor from Harvard Law School:

“The fundamental line of defense should be improving market competition, not eliminating it. And to improve competition, transparency is the place to start.” That piece, co-authored with the University of Chicago’s Richard Thaler, argued that better disclosure, combined with technology, would be more effective than playing “regulatory whack-a-mole” with unpopular industry practices.

I couldn’t agree more. While regulations are certainly needed, improved transparency can do a lot to improve market performance by helping investors and consumers make better decisions.

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