JERRY BOWYER: Stop the Reform-Industrial Complex! “Yesterday former SEC Chairman Arthur Levitt published a piece in the Wall Street Journal calling for more regulators as a response to the Madoff scandal. Amazing! This regulator, who approved Bernie Madoff to head Nasdaq and put him on a reform commission associated with the Securities and Exchange Commission (SEC), now tells us that he was right all along and we need more regulators. Others have called for higher pay for regulators, or more power for regulators, or more independence for regulators from our elected representatives.” Regulatory failure produces more power for regulators. Like Milton’s Chaos Umpire!