At this site, the SEC seeks public comment on the occasion of the first full year in which the Sarbanes-Oxley Act has been in effect. As the notice says, comments are solicited from companies subject to the Act, auditors, investors, and members of the public. The URL was given in this op ed in the Wall Street Journal (apologies to those lacking subscriptions to wsj.com) by SEC Chairman William H. Donaldson.
Interestingly, the SEC site linked above provides further links not only to an optional Web form on which to submit comments, but also to another site on which are displayed as of Tuesday evening some 50 or so comments received to date. Perhaps a somewhat bullier pulpit than public comments to federal agencies afforded in pre-Internet days. They even scan and upload comments that they receive on paper!
I was on the point of submitting my own comment (as an investor – my CPA days are long over) when it occurred to me: how cool would it be if Ludwig von Mises, or at least the institute bearing his name, could post a comment that provided a sound Misesian reaction to this destructive intrusion of the government into processes that should be strictly the province of market action abetted by common law?
The deadline is April 13. And yes, to any who might see me inventing work for others, I’d be delighted and honored to contribute my own effort to the crafting of this comment. I demur only because I know we have among us many who are far better qualified and able.
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Fantastic idea. I’d like to hear if anyone is planning on taking advantage of this opportunity to get a Misesian view out there.
If not, I’ll have to risk my job by shirking my regular duties and plagiarize what I can find at LewRockwell.com!
Good luck,
James
OT: Lots of good stuff on this site, but I can’t figure out the fascination with monopolies, tearing down all regulations, etc. I just read a couple of Mises articles on anti-trust stuff and found them to be very weak – totally unconvincing – unlike the previous five articles I also just read concerning all manner of liberty / left / right / fascism / socialism / statism / freedom / etc.
If anyone has a ‘slam dunk’ article/audio showing or explaining how/why anti-trust law is ‘the enemy of freedom’, I’m all ears.
It seems to me arguing for corporations today would be like arguing for Bush’s social security privatization plan. In theory, most people would support a sane privatization approach. The problem is, we don’t live ‘in theory’ – we live in Bushworld – and the social security plan would be just another government handout – redistributive, too – <gasp>!
Peter, I found this one quite convincing: http://mises.org/journals/rae/pdf/rae9_2_3.pdf
Hey Jon did’t know you are reading this too :0. Greets
Peter, can you in fact name a real monopoly(non government related) in the history of the U.S. The fact is there have hardly been any real,legitimate monopolies because the “invisible hand” of the free market will usher them out. Government has not fought monopolies, they have destroyed the most successful companies in the world’s history. Your query deserves a book, so here is the best one for you. Basic Economics by Thomas Sowell.
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