The Federal Elections Commission, acting on the ruling of a judge, has declared that the McCain-Feingold campaign finance reform law must now extend to political advertising on the Internet.

This is only the beginning of a massive government regulation of the Internet, which is the only untapped keg in the public frat house.

The implementation of Internet regulation will be slow, methodical, and illogical–just like many other laws imposed. I discuss what it’s all about in “McCain-Feingold’s net gains, your net losses“.

We now return you to your regularly scheduled Monday.


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