Mickey Kaus is a centrist Democrat, a good reporter, a good writer and an all around smart guy which is why his posting today on the Check 21 law is so revealing of a generalized leftist mindset.
The Check 21 law frees banks from the requirement to keep paper checks in existence after they have been scanned and inputed into an electronic format. The law makes the electronic format the legal equivalent of the paper check for all purposes. Banks are still free to do everything the old fashioned way but the law will no longer require them to do so.
Kaus believes that the Check 21 law could be used by the Democrats to demonstrate how they approach economic issues and regulation compared to Republicans and I think he is right. It demonstrates that Democrats like regulations driven by the ordinary person’s vague and largely emotional understanding of how an economic entity works (in this case banks), substituted for the detailed, market-disciplined understanding of people who work closely with that entity every day.