A Much-Needed Bonfire Of Regulations
Posted by freedomforall 1 week ago to Government
Excerpt:
"The bureaucracies simply cannot sit still. They make new rules and regulations daily if only to foil industry, with not a care about what it costs or the impact on economic growth and job creation. The United States has created whole industries entirely devoted to smoothing compliance.
The word “deregulation” doesn’t quite describe the fullness of what we need. The United States needs a raging bonfire of regulatory codes, one that should last for months. What is the path to achieving that? As Gorsuch says, it is not up to the judiciary to make a fundamental difference. That is the job of the legislatures.
In the late 1970s, there was a bipartisan consensus to deregulate three industries: trucking, energy, and telecommunications. All three initiatives were a huge success and the prosperity of the 1980s is owed to these emancipations.
The reason the word “deregulation” fell into disrepute is due to the financial deregulation of 1983, which freed up the banking sector which caught blame for every crisis that followed from the S&L debacle to the 2008 financial crisis. There is a strong reason to believe the assignment of blame here is correct. The problem traces to the doctrine of too-big-to-fail made possible by the Federal Reserve.
There will always be problems with deregulation so long as the government’s printing presses are still in operation. Sadly, these issues added some discredit to the whole idea of deregulation."
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Bonfire?
Burn D.C. to the ground with all lawyers, politicians, bureaucrats, and lobbyists in residence. Save only the Jefferson monument and the founding documents.
"The bureaucracies simply cannot sit still. They make new rules and regulations daily if only to foil industry, with not a care about what it costs or the impact on economic growth and job creation. The United States has created whole industries entirely devoted to smoothing compliance.
The word “deregulation” doesn’t quite describe the fullness of what we need. The United States needs a raging bonfire of regulatory codes, one that should last for months. What is the path to achieving that? As Gorsuch says, it is not up to the judiciary to make a fundamental difference. That is the job of the legislatures.
In the late 1970s, there was a bipartisan consensus to deregulate three industries: trucking, energy, and telecommunications. All three initiatives were a huge success and the prosperity of the 1980s is owed to these emancipations.
The reason the word “deregulation” fell into disrepute is due to the financial deregulation of 1983, which freed up the banking sector which caught blame for every crisis that followed from the S&L debacle to the 2008 financial crisis. There is a strong reason to believe the assignment of blame here is correct. The problem traces to the doctrine of too-big-to-fail made possible by the Federal Reserve.
There will always be problems with deregulation so long as the government’s printing presses are still in operation. Sadly, these issues added some discredit to the whole idea of deregulation."
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Bonfire?
Burn D.C. to the ground with all lawyers, politicians, bureaucrats, and lobbyists in residence. Save only the Jefferson monument and the founding documents.
Business behemoths use government to force small business to bear irrational costs
and then when small business can't bear it any more they take over the small business'
intellectual property for 1% of its value.
Insurance companies have also been highly involved in helping to formulate building codes, and that was mostly begun following the 1906 San Francisco earthquake and fire.
The point is, capitalism can mostly regulate itself. Obamma wouldn't have that. He didn't like insurance, and he said I was immoral because I was a capitalist.