"Followers of the economist Friedrich Hayek oppose government by central administrative fiat on the ground that no one person or group can possibly possess knowledge adequate to the task. They are correct, but the situation here is even worse. Obamacare, and other recent initiatives such as Dodd-Frank, contain thousands of pages of laws and regulations written by different people with varying and often conflicting interests and motives. There is no guiding intelligence, no central planner(s) even trying to create a good system"
Link to article.
Thank you Nick Sorrentino at Against Crony Capitalism for pointing me to this. One of the best reads on regulation abuse I've ever seen.