Deregulation isn't a bad word anymore

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By The Staff


That’s a word we’ve heard a lot in the news lately.

Extremes in deregulation in the finance sector have been blamed for the severe economic crisis we currently are trying to survive,

Extremes in deregulation of coal ash storage may be to blame for the massive environmental disaster Roane County faces today.

This week, a congressional panel told TVA officials they can expect more oversight as a result of last December’s massive ash spill at the Kingston Fossil Plant.

U.S. Rep. Eddie Bernice Johnson, who chairs the House Subcommittee on Water Resources and the Environment, led a panel hearing on the spill.

The Texan said there might be oversight hearings every month or so.

The balance, we believe, clearly has tipped from unrestrained deregulation to a realization that some businesses, agencies and even individuals require oversight for safety and security.

It has been a hard lesson coming — both on the financial end, and locally, on the environmental end.

The next time someone talks about deregulating something, go ahead and listen to their arguments.

Then remember the lessons we have learned most recently.

The costs of regulation may be much less than the consequences of something that has spiraled out of control.

Just look at the bills we are facing for the cleanup of the economy and the ash spill.